In a significant development in the crypto world’s legal battle between Ripple and the US Securities and Exchange Commission (SEC), a federal judge has granted the SEC the opportunity to file a motion that could potentially allow it to appeal a groundbreaking ruling regarding the classification of the crypto XRP as a security.
The ruling, issued by Judge Analisa Torres of the US District Court for the Southern District of New York, ruled that XRP transactions conducted through exchanges do not violate securities laws.
Judge Torres allows the SEC an interlocutory appeal in the case against the crypto Ripple (XRP)
Judge Torres’ decision allows the SEC to request an interlocutory appeal, a type of appeal that addresses specific legal issues before the entire case is concluded.
This marks a crucial moment in the case, as it could open the door for the SEC to challenge the ruling that Ripple did not violate securities laws by making XRP available to retail traders through cryptocurre
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