Both Ripple Labs and the United States Securities and Exchange Commission (SEC) have offered its availability to proceed with the appeal in the second quarter of 2024. 

Ripple presented a flexible calendar to the US federal court, stating its readiness for proceedings anytime. However, the SEC has specified certain constraints on its availability.

Progress Towards Securing a SEC v Ripple Appeal Date

In two separate letters made to Judge Torres of the US District Court For the Southern District of New York, Ripple and the SEC have both indicated its intention to move forward with the appeal in Q2 2024. 

On Aug. 17, the court approved the SEC’s request to file an interlocutory appeal in the case against Ripple. This comes after the July 13 ruling that brought a partial victory for both the SEC and Ripple.

The court classified XRP, Ripple’s native token, as a security for institutional sales. However, it excluded the classification for sales to individual investors. The SEC plans to Go to Source to See Full Article
Author: Ciaran Lyons

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