🔻District Court Judge Analisa Torres rejected the US Securities and Exchange Commission's (SEC) request for an international appeal against the recent Ripple decision.
- On October 3, Judge Torres denied the SEC's motion because she could not demonstrate that there were controlling questions of law or substantial grounds for controversy on the issue.
- "The SEC's motion for international appeal is denied and the request for a stay is denied as meritless."
- On July 13, Judge Torres partially sided with Ripple, finding that retail sales of the XRP token (XRP) did not meet the legal definition of a security.
This is a developing story and more information will be added as it becomes available.
- On October 3, Judge Torres denied the SEC's motion because she could not demonstrate that there were controlling questions of law or substantial grounds for controversy on the issue.
- "The SEC's motion for international appeal is denied and the request for a stay is denied as meritless."
- On July 13, Judge Torres partially sided with Ripple, finding that retail sales of the XRP token (XRP) did not meet the legal definition of a security.
This is a developing story and more information will be added as it becomes available.