CryptoLaw’s John Deaton predicts that the court would likely deny the SEC’s appeal, forcing them to wait until the end of 2024 to file a full appeal.
Deaton further clarified that there is no appeal currently as the court merely approved their request to write a motion for an appeal for an interlocutory appeal.
The US Securities and Exchange Commission recently filed a motion for the court to certify an interlocutory appeal of its ruling favoring Ripple Labs. As captured in their filing, the Commission wants to appeal the ruling that the programmatic offers and XRP sales by Ripple on trading platforms do not violate securities laws as it does not influence investors to expect profits from the efforts of others.
Secondly, it wants to appeal the ruling that the blockchain company’s distribution of the token as payment for services was not sufficient enough to be recognized as an investment of money. SEC argues that the rulings involve controlling questions of law.
Immediate ap
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