On 17 August, the Court approved the SEC's request to file for an Interlocutory Appeal. However, there's more to the latest decision made by the Court.
To clarify the stance of the Court, he also stated that the Court has only allowed the SEC to file for an appeal. This means that whether Judge Torres would approve the SEC’s motion for the Interlocutory Appeal remains undecided.
Additionally, the document also stated that the SEC was expected to file its motion by 18 August. Furthermore, the Defendants’, that is, Ripple would file their motion on 1 September. Additionally, the SEC, if wishes to reply to Ripple’s motion, would have to do so by 8 September. Thus, it remains to be seen which way the Court’s decision will sway. While Ripple supporters may not be happy with the events on the legal front, XRP didn’t exactly have anything to offer to investors on the price front either.On 16 August, XRP wasn’t exactly in the best of spirits and the same sentiment continued on 17 August. At press time, XRP ranked#5 on CoinMarketCap’s list of cryptocurrencies. However, its price action remained red.
XRP exchanged hands at $0.576. It was trading 0.11% lower in the last hour, 3.50% down in the last 24 hours, and a whopping 9% in the last seven days.
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