"Latest Developments in Ripple v. SEC Case and Uncertain Future of XRP"
The court has set a briefing schedule for the SEC's anticipated motion to file an interlocutory appeal in the ongoing legal battle between Ripple and the SEC. The SEC has been granted permission to request an early appeal, but it does not guarantee that the appeal will be authorized. The judge could still deny the motion, and it may take several more months for a ruling. Ripple's legal team has filed an opposition to the SEC's anticipated motion, citing wrongful application of facts and lack of a clear legal question. Ripple's chief legal officer is confident in winning on appeal but prefers to follow the ordinary course. The XRP token's price has declined amid the bearish sentiment in the cryptocurrency market.
