On Thursday afternoon, Federal Judge Analisa Torres granted the request from the SEC after the securities regulator sent a letter to Torres on Aug. 9 arguing that her July decision that XRP is not a security per se could affect multiple pending court cases. An interlocutory appeal happens when a ruling by a trial court is appealed while other aspects of the case are still ongoing.
Today’s ruling came less than a day after Ripple Labs submitted a letter expressing their opposition to any potential appeal in the case.
On Aug. 9, Torres submitted a filing detailing plans to move forward to a jury trial for the remaining charges against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen. The Securities and Exchange Commission’s lawsuit against Ripple Labs is set to advance to a jury trial in the second quarter of 2024.
Source: Law Daily Report (lawdailyreport.net)
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