SEC Vs. Ripple: Commission Urges Court To Grant Appeal Request In Latest Filing

SEC Vs. Ripple: Commission Urges Court To Grant Appeal Request In Latest Filing

The United States Securities and Exchange Commission has submitted a new filing pushing for the approval of its request to appeal the court’s judgment in the lawsuit against Ripple Labs. This comes exactly a week after the payment technology platform argued that the court should not certify the commission’s interlocutory appeal.
On September 1, Ripple asked the court to deny the SEC’s request to appeal the court’s ruling, as the summary judgment “does not present a controlling question of law suitable for interlocutory appeal.” The financial technology company also stated that the commission’s appeal request lacked the “exceptional circumstances required for interlocutory appeal.”
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In a new filing submitted on Friday, September 8, the SEC urged the US District Court for the Southern District of New York to certify its motion for interlocutory appeal and “stay further proceedings until the reso

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