SEC to seek interlocutory appeal in Ripple case By Cointelegraph
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The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors.
In an Aug. 9 letter to Judge Analisa Torres — the presiding judge in the case — the SEC said it believed her decision warrants a fresh look by an appellate court.
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The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors.
In an Aug. 9 letter to Judge Analisa Torres — the presiding judge in the case — the SEC said it believed her decision warrants a fresh look by an appellate court.
Continue Reading on Coin Telegraph
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