The SEC’s request to appeal the decision in the ongoing Ripple (XRP) case and take it to the appeals court was rejected by the judge.
US Securities and Exchange Commission (SEC) And Ripple An important decision was made in the case that has been going on for about 3 years. from the trial judges analisa torres In its statement on October 3, the SEC said objecting to the XRP decision taken in recent months He rejected the request to move the process to the intermediate appeals court.
The judge in the case last announced a decision in favor of XRP in July. analisa torresthrough Ripple exchanges Selling XRP does not violate securities laws he stated. This decision was seen as a partial victory by the Ripple front, but the SEC wanted to take this decision to the court of appeal.
The SEC’s request for an appeal was rejected by Torres. Ripple lawyers, who filed an application with the court at the beginning of September, argued that this case would require the intervention of the appeals court. an exceptional case He argued that it wasn’t.
Judge Torres says the next hearing on the case between the regulator and Ripple will be April 23, 2024 He stated that it will be seen on the date.
Additionally, after the Ripple decision in July, another US judge ruled that the bankrupt Terra (LUNA) about “LUNA’s sales on stock exchanges are investment contracts” Commenting briefly on his decision, Torres said: Both decisions overlap with each other. expressed.
According to CoinGecko data, with the influence of news flow 7% rising XRP, $0.509 from level to $0.544 reached. XRP at the time of writing $0.529It finds buyers from.