Ripple Labs opposes the SEC's request for an interlocutory appeal, stating that it does not meet the required standards

ChainCatcher news, Ripple Labs' lawyer sent a letter to the judge, stating that the U.S. Securities and Exchange Commission (SEC) does not meet the standards required to advance an interlocutory appeal, "due to its failure to provide factual evidence supporting the extension of the Howey test to the XRP distribution, the SEC is now suddenly changing its position and is eager to appeal, which is purely a legal issue affecting other digital asset cases."

Previous report, the U.S. Securities and Exchange Commission has submitted a letter to the Southern District of New York seeking permission for an interlocutory appeal of the summary judgment in the Ripple Labs case. The SEC stated that it is seeking to appeal certain aspects of the ruling, while other parts proceed to trial. Approval of the interlocutory appeal could avoid the need for the SEC and the U.S. government to conduct two trials.