Judge Denies SEC Motion to Appeal Ripple Decision

District court judge Analisa Torres denied THE DRY movement has deposit A call, affirming that THE regulator did not to show that were substantial land For difference of review.

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District court judge Analisa Torres has rejected THE United States Securities And Exchange Commissions (SECOND) movement has call It is loss against Ripple Laboratories, THE business responsible For deliverance THE XRP (XRP) token.

In A October. 3 court order, Judge Torres denied THE DRY movement, affirming that regulator failed has meet It is burden has to show that there were control questions of law Or that there were substantial land For differences of notice on THE matter.

"THE DRY movement For certificate of interlocutory call East denied, And THE DRY request For A stay East denied as not applicable."

District court judge Analisa Torres denied THE DRY movement has deposit A call. Source: CourtListener

Notably, THE decision is not it A downright loss For THE regulator, as judge Torres program A trial For April 23, 2024 has address THE remaining problems on THE matter.

THE price of XRP jumped almost 6% immediately following THE news, according to has data Since TradingView.

THE price of XRP won almost 6% following THE rejection of THE DRY movement. Source: TradingView

On July 13, Judge Torres governed partially In service of Ripple, declaring that retail sales of THE XRP Token did not meet THE legal definition of A security. THE court did find However...