TL;DR
- US judge Analisa Torres denied the SEC’s appeal from a July ruling favoring Ripple. The pivotal trial is slated for April 23, 2024.
- After Ripple’s legal victory, XRP’s price rose to around $0.55, following a previous jump to over $0.85.
- Some speculate the SEC might drop the case against Ripple, but many believe the agency will persist or seek delays.
What Happened Last Week?
The legal battle between Ripple and the United States Securities and Exchange Commission reached another heating point on October 3. Back then, US judge Analisa Torres dismissed the agency’s wish to appeal the July ruling, which determined that the crypto company’s XRP sales from years ago did not constitute an offer of investment contracts.
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