CoinVoice recently learned that on August 17, Blockworks reported that Ripple Labs lawyers wrote to Judge Analisa Torres stating that it opposed the U.S. Securities and Exchange Commission (SEC)’s move last week to seek an interlocutory appeal against the summary judgment order. The lawyer said: “Due to Having failed in its duty to provide facts in support of having Howey cover all of the defendants’ distributed digital asset Digital Asset Case." Ripple Labs argued that the SEC did not meet the standards needed to move forward with an interlocutory appeal, specifically saying the regulator did not have enough evidence to demonstrate "substantial grounds for the disagreement."
CoinVoice previously reported that the U.S. Securities and Exchange Commission (SEC) has submitted a letter to the Southern District of New York, seeking an interlocutory appeal against the summary judgment order in the Ripple Labs case. It disagrees with the federal judge's ruling that "Ripple Labs Inc.'s XRP tokens are not securities when sold to the public." The SEC said that the current ruling in the Ripple case will affect the SEC's handling of the Terra case, the Coinbase case, and the Binance case. [Original link]
