After a partial Ripple’s win against the SEC, many believe that the latter will file an appeal – law expert James Murphy offers four possible future scenarios for the case.
Ripple Wins the Lawsuit against the SEC… or not yet?
On July 13, 2023, Judge Analise Torres partially ruled in favor of Ripple Labs in the case against the U.S. Securities and Exchange Commission’s (SEC), putting an end to a 3-year-long crusade.
The historic victory made the XRP token skyrocket in value and sent the bullish wave to the whole crypto market. However, some believe that the battle is not over yet, as the SEC still has the option to file an appeal.
Law expert James Murphy known on Twitter as “MetaLawMan” has shed some light on the matter. In his recent Tweet of July 25, Murphy identified four options the SEC currently has and described how each could work.
So, What Could the SEC Do Next?
According to the expert, the first option on the table for the SEC is to file a request for an interlocutory appeal. At the moment, the SEC doesn’t have the unilateral right to appeal as the final judgment has not been entered yet. To proceed with an interlocutory appeal, the SEC would need to ask the permission of Judge Torres and the Second Circuit Court of Appeals. To get this permission, Murphy explains that the SEC would need to prove that:
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“The ruling involves a controlling question of law;
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Author: Olga Krasilnikova
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