Judge Denies US SEC Motion To File Appeal In XRP Lawsuit

Judge Denies US SEC Motion To File Appeal In XRP Lawsuit

Judge Analisa Torres, who had in July 2023 delivered the historic Summary Judgment in the XRP Lawsuit, has denied the U.S. Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal. The denial reiterates the previous ruling that the retail buyers of the token were not expecting profits from Ripple.

Also Read: Ripple Makes Top 100 Fintech List for Cross Border Payments

US SEC Motion To Appeal Denied

In conclusion, the judge said the SEC’s motion for certification of interlocutory appeal is denied. Judge Torres observed that the US SEC had failed in its argument to sufficiently demonstrate that the interlocutory appeal, if approved, would “materially advance the ultimate termination of the litigation.”

Also Read: Binance to Halt BUSD Borrowing and Staking Services by October 25th

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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