Posted 10/4/2023, 2:44:34 PM
US Judge Deals Blow to SEC Crypto Regulation Efforts, Denying Appeal in Ripple Lawsuit
- US judge denies SEC attempt to appeal ruling that XRP not a security when sold to public
- Seen as another blow to SEC's efforts to regulate crypto industry through lawsuits
- SEC can now either settle with Ripple Labs or appeal again after April 2023 trial date
- Other judges have contradicted each other on whether crypto can be a security
- SEC has brought several cases against crypto firms but suffered some legal setbacks