Ripple Case Update: U.S. Court Grants SEC "Interlocutory Appeal," Jury Trial Expected in Q2 Next Year

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US Court Approves SEC's "Interlocutory Appeal"

According to legal documents, Judge Analisa Torres, presiding over the Ripple case, reviewed the materials submitted by both parties on August 17th, allowing the SEC to file a motion for an interlocutory appeal.

Note: In the United States, when a civil case has not been fully concluded and all charges have not been ruled upon, one party's appeal is referred to as an interlocutory appeal, which is allowed only under specific circumstances as stipulated by federal and state courts.

The documents do not specify the reasons for allowing the SEC to file an interlocutory appeal, nor does it mean that Analisa Torres has granted the SEC's appeal; separate approval is still required. The current schedule is as follows:

• August 18th: SEC must file the motion for an interlocutory appeal

• September 1st: Ripple must file the opposition motion

• September 8th: SEC must file a reply to Ripple's opposition motion

Ripple Case Jury Verdict Expected in Q2 Next Year

According to legal documents, besides the aforementioned interlocutory appeal, the Ripple case has not yet been formally concluded.

The jury verdict will involve Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, who are accused of involvement in the illegal securities issuance of XRP tokens, allegedly aiding and abetting Ripple's violation of certain regulatory laws.

Analisa Torres plans to conduct the jury trial at the Southern District Court of New York in the second quarter of next year, with both parties required to submit all pre-trial files and relevant evidence by December 4th of this year.