Ethereum

Circuit

<ul> 
 <li>The appeal filed by the SEC requests that the whole case be put on hold.</li> 
 <li>The SEC requested permission to appeal Judge Analisa Torres’ decision last month.</li> 
</ul> 
As part of its move to certify its interlocutory appeal in the XRP lawsuit, the U.S <a href="https://thenewscrypto.com/lbry-files-appeal-against-ruling-in-sec-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> issued a 20-page reply memorandum of law yesterday. 
The SEC is seeking to preserve face by appealing the inquiries asked in the lawsuit, on the grounds that it has an institutional interest in settling the matter, while Ripple is trying to extend the case so that it may keep selling <a href="https://thenewscrypto.com/xrp-price-consolidates-potential-break-below-0-49-looms/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>. 
The appeal filed by the SEC requests that the whole case be put on hold in order to conserve the Court’s and the parties’ time and energy. 
<h3 class="wp-block-heading" id="h-ongoing-legal-pursuit">Ongoing Legal Pursuit</h3> 
The SEC makes the bold claim that none of the opinions addressing Howey in which a court came to the conclusion that the interlocutory order did not contain a legal issue was cited by Ripple, the Defendants. The regulatory body further says that Ripple is incorrectly asserting that the judgement was based on proven facts about the marketing and selling of XRP. 
Last week, <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> contended that the SEC hadn’t produced a strong enough case to merit an appeal; Friday’s filing strongly disagreed. The SEC requested permission to appeal Judge Analisa Torres’ decision last month in U.S. District Court. 
The court heard the SEC’s arguments and gave Ripple until September 1 to respond. The submission on Friday is in reaction to the opposition document filed by Ripple. The SEC will have to argue its case before the <a href="https://guides.loc.gov/federal-appellate-court-records-briefs/second-circuit#:~:text=The%20United%20States%20Court%20of,in%20New%20York%2C%20New%20York." target="_blank" rel="noopener noreferrer nofollow">Second Circuit Court of Appeals</a> if Judge Torres grants the regulatory body’s request. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/ethereum-eth-price-likely-to-decline-further-amid-bear-dominance-2/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Likely to Decline Further Amid Bear Dominance</a>

U.S. SEC Issues 20-Page Reply in XRP Lawsuit Appeal

Table of Contents

TheNewsCrypto

Other articles published on Sep 9, 2023

AMKR Stock Slumps Amid Secondary Public Offering Of 10M Shares

Tip Coin: A New Era of Content Monetization on Twitter

Ripple Acquires Fortress Trust to Expand its Services

How to Protect Your Crypto Investment from Scams

Federal Reserve Vice Chairman Barr: CBDC Decision Remains Distant

Grayscale’s Ethereum Fund Nears Yearly Highs Despite ETH Price Drop

Join our free newsletter for daily crypto updates!