On Friday, the SEC submits a motion to the U.S. District Court for the Southern District of New York appealing certification for an interlocutory appeal in its ongoing legal battle with Ripple Labs. Just one day after Judge Torres indicated that the regulator can file for the appeal, the SEC submitted its request.
The SEC’s latest motion mentioned that Ripple had to submit the response until Sept. 1. The SEC announced earlier this month that it intended to appeal the partial defeat from July that caused the price of the XRP token to surge.
In an accompanying filing, the SEC’s attorney pointed out how the court rules on the Ripple case could have a “substantial impact” on other pending litigations between the regulatory agency and top trading platforms Binance and Coinbase.
“Immediate appeal of these rulings is warranted,” said agency. “Because they involve controlling questions of law as to which there are substantial grounds for difference of opinion, and obtaining an appellate ruling on these issues now may materially advance the ultimate termination of this litigation.”
Also Read: Investment Banker Set to Shake Up SEC vs Ripple Battle
