NFT News Daily Today TheBitTimes.com

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...

This week, the United States Securities and Exchange Commission (SEC) hinted at exploring other legal avenues after Judge Torres ruled that XRP is not a security. Meanwhile, the FTX saga had some surprising revelations. Despite this, regulatory efforts remained in the spotlight amid increasing crypto adoption. SEC may appeal the XRP court’s ruling Following Ripple’s win against the SEC, lawyer Marc Fargel expressed skepticism about the court’s ruling. In his view, the ruling could question the watchdog’s arguments on secondary market trading of assets, including crypto. He predicted possible appeal s from both parties, with the regulator having an advantage in overturning the ruling on “programmatic sales.” He noted that if the SEC does not appeal , it could affect the cases it has with other crypto -focused entities such as Binance and Coinbase. Following Judge Torres’ ruling, which declared XRP as not falling under the definition of a se...