The SEC has asked Judge Analisa Torres for interlocutory review and her permission to appeal two rulings that favored Ripple and XRP.
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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.