Ripple Labs wrote to the judge: SEC does not meet the standards required to advance the intermediate appeal.

According to BlockBeats news on August 17th, Ripple Labs' lawyers wrote to Judge Analisa Torres opposing the U.S. Securities and Exchange Commission's (SEC) move to seek an interlocutory appeal of the summary judgment last week. The lawyers stated that "because of the SEC's failure to fulfill its obligation to provide facts supporting the application of Howey to all of the digital assets XRP distributed by defendants, the SEC has now had a change of heart and is desperate to appeal its claimed content, which is a pure 'legal issue' affecting all other digital asset cases." Ripple Labs argued that the SEC does not meet the standards required to pursue an interlocutory appeal, particularly stating that the regulatory agency does not have sufficient evidence to prove "substantial reasons for disagreement." As previously reported by BlockBeats, the U.S. Securities and Exchange Commission (SEC) has submitted a letter to the Southern District of New York seeking an interlocutory appeal of the summary judgment in the Ripple Labs case, objecting to the federal judge's ruling that "Ripple Labs Inc.'s XRP token is not a security when sold to the public." The SEC stated that the ruling in the Ripple case will affect its handling of the Terra case, Coinbase case, and Binance case.