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SEC Capitalizes Rakoff’s Terra Rejection, Files Appeal Against XRP Ruling

Published 15/08/2023, 08:27
Updated 15/08/2023, 08:45
SEC Capitalizes Rakoff’s Terra Rejection, Files Appeal Against XRP Ruling

  • SEC appeals Ripple’s lawsuit win, citing substantial legal differences in Judge Torres’ ruling.

  • Judge Torres categorized XRP sales to institutional investors as securities, differing from programmatic sales.

  • Judge Rakoff’s dismissal prompts SEC’s interlocutory appeal in Ripple’s case, sparking community debate.

While the crypto community celebrated Ripple’s win in the SEC lawsuit a few days ago, the battle continues as the regulatory body seeks to appeal against Judge Analisa Torres’ ruling. In order for its request for an interlocutory appeal to be granted, the securities regulator stated that Judge Torres’ decision regarding Ripple’s structured sale of XRP and other disbursements revolved around “controlling questions of law on which there is substantial ground for differences of opinion.”

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