Speaking at the DC Fintech Week 2023, Brad Garlinghouse, Ripple’s CEO noted that his firm is gearing up to take the ongoing XRP lawsuit between the cryptocurrency payment company and U.S Securities and Exchange Commission (SEC) to the Supreme Court.
XRP Lawsuit: Timeline and SEC’s Next Action
Garlinghouse’s statement comes as a build-up to its earlier resolve after the SEC initially indicated its interest in appealing Judge Analisa Torres’ ruling that XRP is not a security. It is, therefore, safe to say it was initially the regulator’s plan to escalate the XRP lawsuit to the Supreme Court.
The SEC filed a motion of leave for an interlocutory appeal against the federal judge’s final verdict on XRP.
Much to the disappointment of many crypto enthusiasts, the motion was approved by Judge Torres. She granted the SEC until August 18 to file its motion to oppose while she also gave Ripple Labs up to September 1 to file its opposition papers. Markedly, the approval was not Judg
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