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.
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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.”
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