US Judge Analisa Torres rejects appeal of case loss against Ripple Labs. While this is a major victory for Ripple, the SEC's right to appeal is not lost. Instead, the regulator will have to wait for the case to end and a final decision to be made. 🏛️🚀
The U.S. District Court for the Southern District of New York denied the SEC's motion for several reasons. The judge stated that the issues are not only legal but involve complex factors and economic analysis. The case between Ripple and the SEC will continue with the hearing starting on April 23, 2024. 🗓️
This decision does not constitute a rejection of the SEC's appeal. Instead, the SEC's appeal on certain issues was denied. After the case is concluded and a final decision is made, the SEC may raise any legal issue, argument, or claim related to the case.
The U.S. District Court for the Southern District of New York denied the SEC's motion for several reasons. The judge stated that the issues are not only legal but involve complex factors and economic analysis. The case between Ripple and the SEC will continue with the hearing starting on April 23, 2024. 🗓️
This decision does not constitute a rejection of the SEC's appeal. Instead, the SEC's appeal on certain issues was denied. After the case is concluded and a final decision is made, the SEC may raise any legal issue, argument, or claim related to the case.