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Ripple CTO clarifies on SEC appeal, highlights case complexity

Published 08/20/2023, 03:49 AM
Updated 08/21/2023, 05:40 AM
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In a recent update on X (formerly Twitter), the chief technology officer of Ripple Labs, David Schwartz, brought attention to a recent development involving the United States Securities and Exchange Commission’s (SEC) appeal.

According to Schwartz, the SEC is seeking an appeal at this specific point based on its interpretation that the legal case has not yet concluded. This understanding affords involved parties the privilege to appeal after the finalization of the case. This procedural strategy is intended to enhance the legal proceedings’ efficiency and avoid continuous disruptions to the main case due to multiple appeals concerning minor decisions.

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this will open up Ethgate and sec favoritism and renumerations for key players and Deaton will open that can of worms
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