Judge Analisa Torres granted the US Securities and Exchange Commission’s (SEC) request for an interlocutory appeal in the case against Ripple. This is reported by Cointelegraph.
The decision came just hours after Ripple opposed the potential motion. The firm’s lawyers saw insufficient grounds to challenge the decision.
According to the court order, the regulator has until August 18 to file an appeal. In turn, Ripple will also be able to file a counter-appeal.
Even before the demands were granted, the head of the cryptocurrency company Brad Garlinghouse wrote that the Commission was “wrong on both fact and law.”