Ripple Files Strong Opposition to SEC's Interlocutory Appeal Request

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to escalate. In a significant development, Ripple has opposed the SEC’s Aug. 9 move to seek leave and file for an interlocutory appeal. This action comes after Judge Analisa Torres's decision regarding the sale of XRP tokens.

Specifically, Ripple has filed an opposition to the SEC’s interlocutory appeal request that was filed on August 9th. Ripple Labs Inc, along with its executives Brad Garlinghouse and Chris Larsen, has vehemently opposed the agency’s request, arguing that it lacks merit and would unnecessarily prolong the already protracted proceedings.

Ripple submitted a filing on Aug. 16 expressing opposition to an interlocutory appeal expected from the U.S. Securities and Exchange Commission (SEC). Lawyers for the firm believe the SEC should instead wait until final judgment. Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen have filed their opposition to the SEC’s request to file an interlocutory appeal and for a stay on all proceedings. They argue that the appeal is premature and not warranted based on the existing legal framework.

Ripple Labs has opposed the U.S. Securities and Exchange Commission’s (SEC) request for an interlocutory appeal. Subsequently, the SEC cited circumstances regarding Ripple Labs.

This latest filing signals a deepening resolve on Ripple's part to defend its position and challenge the SEC's interpretation of securities laws in the digital asset space. The outcome of this legal battle could have far-reaching implications for the entire cryptocurrency industry. The saga continues to unfold, and the cryptocurrency community is watching closely.