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Judge rejects SEC’s motion to file an appeal against Ripple ruling

Published 10/03/2023, 07:28 PM
Updated 10/03/2023, 09:00 PM
© Reuters.
XRP/USD
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District court judge Analisa Torres has rejected the United States Securities and Exchange Commission's (SEC) motion to appeal its loss against Ripple Labs, the company responsible for issuing the XRP (XRP) token.

In an Oct. 3 court order, Judge Torres denied the SEC's motion, claiming that regulator failed to meet its burden to show that there were controlling questions of law or that there were substantial grounds for differences of opinion on the matter.

District court judge Analisa Torres denied the SEC's motion to file an appeal. Source: CourtListener
The price of XRP gained nearly 6% following the rejection of the SEC's motion. Source: TradingView

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