Judge Denies SEC Request to Appeal Mid-Trial in Ripple Lawsuit, Seen as Win for Crypto Company

Judge Analisa Torres denied the SEC's request to file an interlocutory appeal against Ripple. This was expected by some lawyers.

The ruling was seen as a win for Ripple by some, like lawyer Jeremy Hogan, but others urged caution in claiming victory.

The SEC can still appeal after the trial concludes. The factual record may make a successful appeal difficult.

Ripple CEO Brad Garlinghouse expressed enthusiasm over the ruling on social media.

The Ripple vs SEC trial remains scheduled for April 2024. The SEC must wait until after the trial concludes to appeal.