SEC petitions judge to certify appeal in XRP security case
The legal back-and-forth between the U.S. Securities and Exchange Commission (SEC) and Ripple (XRP) continues. The agency filed 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: Former SEC official: Bitcoin ETF approval won’t happen any time soon The stakes are especially high for the SEC since the decision could affect a slew of othe...