{"id":2437,"date":"2023-10-04T07:05:04","date_gmt":"2023-10-04T07:05:04","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=2437"},"modified":"2023-10-04T07:05:07","modified_gmt":"2023-10-04T07:05:07","slug":"sec-stumbles-as-court-rejects-appeal-in-ripple-xrp-case","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/sec-stumbles-as-court-rejects-appeal-in-ripple-xrp-case\/","title":{"rendered":"SEC Stumbles as Court Rejects Appeal in Ripple XRP Case"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-sec-s-appeal-denied\">SEC&#8217;s Appeal Denied<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In a significant development, a federal judge has turned down the Securities and Exchange Commission\u2019s (SEC) attempt to appeal a previous ruling in its ongoing legal battle against Ripple XRP. Ripple\u2019s native cryptocurrency, XRP, experienced a 5% surge following this announcement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Setback for the SEC<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">District Judge Analisa Torres has scheduled the trial for unresolved issues in the case for April 2024. This means the SEC holds the option to make another appeal, but only after this trial. This sequence of events comes after Ripple XRP\u2019s triumph in July, when the court declared it not a security, dealing a blow to the SEC\u2019s efforts to exert control over the crypto sector. Undeterred, the SEC sought to overturn this decision, an effort now thwarted by the recent ruling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Awaiting the Jury Trial<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Judge Torres\u2019 decision highlighted the absence of \u201ccontrolling\u201d legal questions, as argued by the SEC. The regulator and Ripple are expected to present their motions in limine for the jury trial by December 4 this year, leading up to the main trial scheduled for the second quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC&#8217;s Appeal Denied In a significant development, a federal judge has turned down the Securities and Exchange Commission\u2019s (SEC) attempt to appeal a previous ruling in its ongoing legal battle against Ripple XRP. Ripple\u2019s native cryptocurrency, XRP, experienced a 5% surge following this announcement. A Setback for the SEC District Judge Analisa Torres has scheduled [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":["post-2437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEC Stumbles as Court Rejects Appeal in Ripple XRP Case<\/title>\n<meta name=\"description\" content=\"SEC&#039;s Appeal Denied In a significant development, a federal judge has turned down the Securities and Exchange Commission\u2019s (SEC) attempt to appeal a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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