SEC cites knotty legal problems as reason for appealing Ripple ruling
Technologie La SEC cite des « problèmes juridiques épineux » comme raison pour faire appel de la décision Ripple Il y a 18 minutes Nouvelles Bitcoin Ethereum The U.S. Securities and Exchange Commission (SEC) argues that the issues raised by the recent court order in favor of Ripple Labs and its native token, XRP, represent complex legal challenges that warrant an appeal of the ruling. The SEC opposes the courts verdict and has clarified that these “knotty legal problems” warrant a review. SEC not accepting defeat The SEC is currently engaged in an ongoing legal battle against Ripple Labs, the creators of the XRP altcoin. The regulator seeks to appeal Judge Analisa Torres ruling that XRP was a security when sold to institutional investors and not a security when sold to retail investors. Earlier this month, Ripple had pushed back against the SECs request for an interlocutory appeal. Ripple argues that the agency lacks merit, as it fails to meet the necessary conditions for certification. The SEC‘s assertion that Section 1292(b) only excludes cases involving factual disputes is inaccurate. This section is designed for interlocutory appeals in cases with evident and well-defined legal issues, rather than cases mired in complex factual considerations. Consequently, the SEC’s application for certification should