The SEC snapped back against Ripple’s assertion that a New York court should not allow the agency to appeal part of a high profile ruling.
The agency first filed a
"The SEC, like the Court, has an institutional interest in the most efficient ultimate resolution of this litigation," the agency said."Defendants’ interest, by contrast, is to delay an ultimate resolution so that they may continue freely selling XRP into public markets without the disclosures that come with registration, to the tune of over $3 billion net ODL sales since 2020 alone.
It argued that if the SEC is allowed to appeal, the regulator could"seek to cross-appeal" the court’s order involving institutional sales of XRP.
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