A federal judge, Analisa Torres, has denied the U.S. Securities and Exchange Commission’s request to appeal its earlier loss against Ripple, the cryptocurrency company tied to the XRP token. The judge, in a brief ruling, stated that the SEC had not met the legal burden required to demonstrate the presence of controlling questions of law or substantial grounds for differences of opinion.
Federal Judge Rejects SEC’s Bid to Appeal Ripple Case, XRP Surges 5%
Published October 3, 2023