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Coin Circle (120BTC.COM) News: The U.S. Securities and Exchange Commission (SEC) released a latest court document on the 9th, stating that they have submitted a letter to the Southern District Court of New York, requesting an "interlocutory appeal" against the ruling in the Ripple case, hoping that the court It can be proven that Ripple’s selling of XRP through exchanges does not involve securities activities under the Howey test.

 Ripple Attorney General: Response will be submitted to the court next week

In this regard, Ripple Chief Legal Officer Stuart
Alderoty confidently stated in a personal tweet: The SEC does not yet have the "right" to appeal, which is why they requested an "interlocutory" appeal. Ripple will submit a response to the court next week. stay tuned.

 Legal experts: Interlocutory appeals are difficult to get approved

What is an interlocutory appeal? It is understood that an interlocutory appeal refers to an appeal against certain decisions of the judge before the final trial of the case. In the United States, interlocutory appeals are generally only allowed under special circumstances, such as when the judge's decision may have a significant impact on the case, when the judge's decision violates the constitution, to prevent irreparable harm, etc.

Interlocutory appeals can slow down the entire legal process and increase the complexity of the case. Therefore, many jurisdictions have specific rules and criteria for granting interlocutory appeals to ensure that they are used judiciously only where necessary.

Regarding the SEC’s appeal request, FOX Business reporter Eleanor
Terrett also posted this morning: From everything I’ve learned about interlocutory appeals from legal professionals, it’s notoriously difficult to get approved. The SEC would need approval from Judge Torres and the Second Circuit Court of Appeals.

 Judge: Jury trial to be held in Q2 2024

In addition, according to a report by The Block yesterday (9th), Analisa, who made a summary judgment
Judge Torres has just announced plans to conduct a jury trial in the U.S. SEC’s lawsuit against Ripple in the Southern District Court of New York in the second quarter of 2024.

Last month, Judge Torres also ordered the prosecution of Ripple CEO Brad Garlinghouse and co-founder Chris
Larsen is conducting a jury trial to determine whether they are liable for illegal securities sales to institutional investors who purchased hundreds of millions of dollars worth of XRP.