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The legal back-and-forth between the U.S. Securities and Exchange Commission (SEC) and Ripple (<a href="https://crypto.news/price/xrp/" rel="noopener noreferrer nofollow">XRP</a>) continues. 
The agency <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.892.0.pdf" target="_blank" rel="noopener noreferrer nofollow">filed</a> a petition late Friday, Aug. 18, asking Judge Analisa Torres, of the U.S. District Court for the Southern District of New York, to certify an interlocutory appeal. 
Recall how the SEC wasn’t happy with Torres’s previous ruling that XRP wasn’t a security. The ruling was celebrated by the cryptocurrency community. The market responded with a rally, led by XRP, while altcoins surged, sparking speculation of an impending altcoin season. 
The SEC, left with egg on its face, is now hoping to rectify the embarrassment. The agency is seeking permission to appeal Torres’s ruling that the XRP token is not a security when sold to the public, or retail traders. 
 You might also like: <a href="https://crypto.news/former-sec-official-bitcoin-etf-approval-wont-happen-any-time-soon/" rel="noopener noreferrer nofollow"> Former SEC official: Bitcoin ETF approval won’t happen any time soon </a> 
The stakes are especially high for the SEC since the decision could affect a slew of other crypto lawsuits. The agency is currently suing some of the most prominent cryptocurrency players, like Binance and Coinbase. 
The drama with Ripple dates back to December 2020, when the SEC filed a lawsuit against the company and two of its executives, aiming to remove the cryptocurrency from different exchanges. 
In the weeks after Torres’s decision, Ripple <a href="https://crypto.news/sec-challenges-ripple-with-appeal-over-xrps-status/" rel="noopener noreferrer nofollow">argued</a> that the SEC doesn’t have the right to appeal. Torres, however, granted the request for leave to file a motion to file an interlocutory appeal on Aug. 17, giving the SEC 24 hours to file a motion. 
A new trial is expected to begin in the second quarter of 2024 between April 1 and June 30, 2024. 
 Read more: <a href="https://crypto.news/sec-nears-approval-of-ether-futures-based-etf/" rel="noopener noreferrer nofollow"> SEC nears approval of ether futures-based ETF </a>

SEC petitions judge to certify appeal in XRP security case

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