Judge Denies SEC Appeal in Ripple Lawsuit, XRP Price Jumps
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District court judge Analisa Torres denied the SEC's motion to file an appeal in its case against Ripple Labs.
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Torres claimed the SEC failed to show substantial grounds for a difference of opinion to warrant an appeal.
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The judge scheduled a trial for April 2024 to address remaining issues in the Ripple case.
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The price of XRP surged nearly 6% following the news of the rejected appeal motion.
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Previously in July, Torres ruled retail XRP sales did not qualify as securities but Ripple did violate laws selling tokens directly to institutions.
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