Ripple’s SEC Appeal: Lawyers Warn of Misstep in Regulatory Showdown – XRP News

Ripple’s SEC Appeal: Lawyers Warn of Misstep in Regulatory Showdown – XRP News

Greg Beuke argued that the SEC failed to understand that it did not provide enough evidence to prove that XRP is a security.
While the SEC wants its motion for an appeal approved, Ripple wants both the appeal and case to continue in parallel.
The SEC vs Ripple case could take a different turn if the court approves several motions already presented by both parties. On one hand, the United States Securities and Exchange Commission (SEC) filed a motion to certify an interlocutory appeal for the summary judgment issued by District Judge Analisa Torres on July 13. On the other hand, Ripple and its executives have argued that the ongoing case should not be stopped for the appeal to take place, instead both should take place concurrently.
“…But there is an exception for unusual cases, and the SEC is arguing that this is one of those unusual cases where an exception should be made and the regular proceedings should stop until the appeal is complete. Ripple is arguing there should be no exc

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