- Written by: Lele Jima
- Fri, 11 Aug 2023
- United States
Popular legal expert James Murphy says Ripple could agree that the SEC’s interlocutory appeal request is appropriate. James Murphy, popularly known as MetaLawMan, has highlighted a few options Ripple could adopt in responding to the SEC’s appeal request. It is worth noting that Ripple is expected to respond to the SEC’s request on or before […] The post Legal Expert Says Ripple Could Agree With SEC’s Appeal Request first appeared on The Crypto Basic.
Legal Expert Says Ripple Could Agree With SEC’s Appeal Request
Popular legal expert James Murphy says Ripple could agree that the SEC’s interlocutory appeal request is appropriate.
James Murphy, popularly known as MetaLawMan, has highlighted a few options Ripple could adopt in responding to the SEC’s appeal request.
It is worth noting that Ripple is expected to respond to the SEC’s request on or before August 16, 2023. As reported yesterday, Ripple’s chief legal officer Stuart Alderoty said the company would file its response by next week.
Ripple Could Agree With SEC
In anticipation of Ripple’s reply, MetaLawMan said the blockchain company could agree with the SEC that an interlocutory appeal is appropriate.
SEC/Ripple, Interlocutory Appeal analysis
This post will address what I see as Ripple's options in responding to the SEC's request to Judge Torres for certification of an interlocutory appeal.
Option 1: Oppose the motion to certify the appeal.
The legal expert noted that he would not be surprised if Ripple chose this option.
While agreeing to the request, MetaLawMan said Ripple could add that the ruling on institutional sales of XRP should also be certified for a cross-appeal.
It bears mentioning that the court declared
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