SEC wants 2nd Circuit to overrule Ripple XRP decision

The SEC has asked Judge Analisa Torres for interlocutory review and her permission to appeal two rulings that favored Ripple and XRP.
The SEC has asked Judge Analisa Torres for interlocutory review and her permission to appeal two rulings that favored Ripple and XRP.
A judge in the SEC v. Terraform case has rejected reasoning from a recent Ripple ruling that differentiated between types of sales.
In the SEC’s case against Ripple, a judge has partially denied the SEC’s request for summary judgment leading some to claim a win for Ripple.
The SEC has argued that XRP is a security, in part due to the decentralized nature of Ripple-managed default UNLs (unique node lists).
A settlement with the SEC may have permanently bankrupted Ripple. Now, a summary judgement is expected within four weeks.