Ripple has voiced its opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal.
The opposition stems from the belief that the SEC’s motion doesn’t satisfy certain elements of the Howey test in relation to Ripple’s distribution of XRP.
In a thrilling development, James K. Filan excitedly reported on Twitter, Ripple files its opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal.” This significant news was also confirmed by leading crypto outlet, Cointelegraph.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Ripple files it’s opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal. pic.twitter.com/Rk8Ho0Gfxw
— James K. Filan (@FilanLaw) August 16, 2023

The Background of the Legal Struggle
In a comprehensive letter dated August 16th to Judge Analisa Torres of the Southern District of New York, Ripple’s legal team elucidated their perspective. They clarified that since the Securiti

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