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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/ripple-sec-news-top-lawyer-says-secs-interlocutory-appeal-motion-will-be-denied/">Top Lawyer Says SEC’s Interlocutory Appeal Motion Will Be Denied; Here’s Why.</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The <a href="https://coinpedia.org/news/ripple-sec-lawsuit-update-top-reasons-why-secs-appeal-against-xrp-might-fail/">Securities and Exchange Commission (SEC)</a> has filed a motion for an interlocutory appeal in the Ripple lawsuit. This means that the SEC wants to appeal a ruling by Judge Analisa Torres, who found that Ripple’s sales of XRP did not violate securities laws.</p> 
<p>The SEC’s motion is being closely watched by the crypto community. Some experts believe that the SEC is unlikely to succeed in its appeal, while others believe that it could have a significant impact on the future of cryptocurrency regulation.</p> 
<h2 id="what-is-an-interlocutory-appeal" data-name="what-is-an-interlocutory-appeal" class="wp-block-heading"><strong>What is an Interlocutory Appeal?</strong></h2> 
<p>An interlocutory appeal is an appeal that is filed before the case has been fully resolved. In this case, the SEC is asking the court to overturn Judge Torres’ ruling on the XRP sales. If the SEC is successful, the case would be sent back to the lower court for further proceedings.</p> 
<h2 id="possible-outcomes" data-name="possible-outcomes" class="wp-block-heading">Possible Outcomes </h2> 
<p>There are a few possible outcomes of the appeal. The SEC could be successful and have the ruling overturned. This would be a major victory for the SEC and could have a significant impact on the future of cryptocurrency regulation.</p> 
<p>The SEC could also lose the appeal. This would be a major victory for <a href="https://coinpedia.org/news/xrps-legal-win-ripple-announces-festive-event-following-win-against-sec-in-new-york/">Ripple</a> and could set a precedent for other cryptocurrency cases.</p> 
<p>It is also possible that the appeal could be dismissed. This would mean that the case would continue as it is, with Judge Torres’ ruling still in place.</p> 
<p>A leading voice in the crypto world, lawyer <a href="https://coinpedia.org/news/ripple-lawsuit-update-john-deaton-clarifies-the-status-of-the-sec-appeal-talks-about-settlement/">John Deaton</a>, shared his forecasts on the unfolding saga, suggesting that the next steps for the SEC might involve more waiting than action.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-top-crypto-lawyer-says-secs-appeal-shows-agency-is-unstable/">“SEC Continues to Ignore the Law”: John Deaton Questions Handling of Crypto Regulation</a></p> 
<h2 id="what-does-this-mean-for-crypto" data-name="what-does-this-mean-for-crypto" class="wp-block-heading"><strong>What Does this Mean for Crypto?</strong></h2> 
<p>The SEC’s motion for an interlocutory appeal is a major development in the Ripple lawsuit. The outcome of the appeal could have a significant impact on the future of cryptocurrency regulation.</p> 
<p>The crypto community is closely watching the case and is waiting to see what happens. If the SEC is successful, it could set a precedent that makes it more difficult for other cryptocurrency companies to operate. However, if the SEC loses, it could be a major victory for the crypto community and could help to legitimize cryptocurrencies as a new asset class.</p> 
<h2 id="what-to-expect-next" data-name="what-to-expect-next" class="wp-block-heading"><strong>What to Expect Next?</strong></h2> 
<p>The SEC’s motion for an interlocutory appeal is still pending. The court will need to decide whether to grant the motion. If the motion is granted, the SEC will then file its appeal brief. Ripple will then have the opportunity to file a response brief. The case will then be heard by a panel of judges from the Second Circuit Court of Appeals.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/new-twist-in-ripple-vs-sec-battle-attorney-reveals-key-insights-from-2018-xrp-howey-memo/">New Twist in Ripple vs SEC Battle: Attorney Reveals Key Insights from 2018 XRP Howey Memo</a></p> 
<p>The outcome of the appeal could take several months or even years. In the meantime, the Ripple lawsuit will continue as it is, with Judge Torres’ ruling still in place.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
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Top Lawyer Says SEC’s Interlocutory Appeal Motion Will Be Denied; Here’s Why.

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