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Ripple Labs, Inc. secured another legal victory over the U.S. Securities and Exchange Commission (SEC) as the court denied the SEC’s request for an interlocutory appeal against the San Francisco-based blockchain company. In an order issued on Oct. 3, U.S. District Judge Analisa Torres dismissed the SEC’s motion, rejecting the claim that there was a “substantial ground for difference of opinion.” The judge also disagreed with the SEC’s assertion that the appeal would “significantly expedite the ultimate conclusion of the legal proceedings.” “The SEC’s motion for certification of interlocutory appeal is denied, and the SEC’s request for a stay is denied as moot.” U.S. District Judge Analisa Torres You might also like: Ripple CEO calls US one of the worst regions for crypto startups While the recent court ruling may appear to be another positive development for the cryptocurrency market, Ripple’s leg...

A US District Judge has rejected SEC’s request for an inspection of Binance US documents. Binance US stood firm on its stance calling the regulatory watchdog’s request “overboard”. SEC’s request sought access to documentation and communication with the exchange’s custodial service providers. Binance US, the American branch of the world’s largest cryptocurrency exchange, Binance , achieved a significant victory today amidst ongoing scrutiny. The exchange has been under intense scrutiny ever since the US Securities and Exchange Commission (SEC) initiated a lawsuit against it. This situation led to a decline in trading volume and the departure of key executives from the company. The SEC’s request for an investigation into the exchange, was denied earlier today by the court. What is the SEC investigating Binance US for? The SEC’s argument hinged on the assertion that Ceffu, a custody platform, was, in reali...

Lawyers representing the former FTX CEO say he's being served a “flesh diet” in prison even though he's vegan, and has been subsisting on bread, water and peanut butter. FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center (MDC), according to an Aug. 22 transcript shared by the Inner City Press. Bankman-Fried’s attorneys claimed that due to the lack of vegan options provided by the prison, he had been forced to subsist on a diet of bread, peanut butter and water. The former FTX boss refused to eat the “flesh diet” being served at the MDC. Mark Cohen: They are serving him a flesh diet. He is only eating b...