Ripple CTO Unveils Ripple Effect Of SEC's Unconventional Appeal
Schwartz Explains The Effect Of SEC’s Appeal The Securities and Exchange Commission (SEC) made its appeal plea after Judge Torres’ decision that XRP is not a security, signaling a pivotal victory for Ripple. However, the appeal request centers on an unexpected twist in the proceedings. advertisement According to the CTO, the SEC’s motion to appeal at this juncture stems from its understanding that the lawsuit has not concluded, hence granting parties the right to appeal after the case is finalized. This procedural approach, designed to streamline the legal process, prevents the constant interruption of the primary case with ongoing appeals for each minor ruling. The CTO emphasized the necessity of consolidating appeals for efficiency, especially since individual appeals could potentially elongate the already time-consuming litigation. A typical appeal period takes a minimum of a year to conclude, and if multiple appeals arise during the ongoing...