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Ripple Must Submit a Response to the SEC’s Latest Motion by September 1

According to The Block report, the US Securities and Exchange Commission (SEC) submitted a motion to the US District Court for the Southern District of New York on Friday, requesting an intermediate appeal on its legal dispute with Ripple Labs. Yesterday, a New York judge approved the SEC's request for an intermediate appeal.

According to the documents, Ripple must submit a response to the SEC's latest motion by September 1. In an accompanying document, the SEC's lawyers argued that how the court handles the Ripple case could have "significant implications" for other pending lawsuits, such as the litigation between the SEC and cryptocurrency exchanges Binance and Coinbase.

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