- Ripple’s legal team argues that the SEC hasn’t met the requirements to request an appeal in the lawsuit
- Ripple’s lawyers state that the SEC’s appeal is largely based on dissatisfaction with the judge’s decision that XRP is not a security
- The legal team claims that exceptional circumstances required for an interlocutory appeal are absent in the case
- Ripple opposes the SEC’s request for an appeal or stay
In August, the SEC moved to appeal and stay a July court decision that ruled XRP was not a security
The SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen in December 2020
Moving forward, a jury trial for the case is proposed to start in the second quarter of 2024
