- Crypto lawyers James Murphy and Bill Morgan expect the SEC to file an interlocutory appeal in the lawsuit against Ripple.
- An interlocutory appeal is made in the absence of a final judgment by the court.
- James Murphy believes that the securities regulator may appeal within the next two weeks.
Crypto lawyer James Murphy believes that the Securities and Exchange Commission (SEC) may file an interlocutory appeal in the ongoing lawsuit against Ripple. Murphy’s assessment comes days after the judge overseeing the lawsuit entered a summary judgment motion that handed Ripple a major victory.
James Murphy, who goes by MetaLawMan on Twitter, told his followers earlier today that the SEC could go with three other options, apart from the interlocutory appeal. Such an appeal is entered in the absence of a final order, which has not yet been passed in SEC vs. Ripple.
Murphy stated that the securities regulator would need the permission of Federal Judge Analisa Torres and the 2nd Circuit Court of Appeals to file an interlocutory appeal since it doesn’t have the unilateral right to appeal as of now.
To get permission, the SEC would have to prove three things: Judge T…
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The post Crypto Lawyers Expect SEC To File Interlocutory Appeal In Ripple Case appeared first on Coin Edition.