According to reports, this week the SEC submitted an intermediate appeal application, and Ripple's Chief Technology Officer David Schwartz further explained the main controversial issues of the SEC's intermediate appeal. Schwartz stated that in normal court litigation, both parties have the right to appeal any adverse rulings at the end of the litigation. There will be many small rulings in the case ruling, and appeals usually take at least a year. If appeals are made every time there is a dispute, it will delay the case for a long time, or there will be many overlapping appeals that both parties need to deal with while the original case is still ongoing. The SEC claims that this is a special case and should be treated differently, that is, to stop the normal litigation process until the appeal is completed. In contrast, Ripple advocates that no exceptions should be made, even if the court allows the SEC to appeal, the case should proceed simultaneously.
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