🚀The never-ending battle between Ripple and the US Securities and Exchange Commission (SEC) continues on October 3, when a federal judge rejected its request to appeal a previous court decision that gave the crypto company the upper hand in the legal battle.👨‍⚖️

📌 Specifically, the judges ruled that Ripple's sales of XRP years ago did not constitute an investment contract offer.

🔮The trial, scheduled for April 23, 2024, could have a major impact on the entire cryptocurrency industry and the regulatory environment in the United States. Ripple and the SEC must file all required preliminary hearings and required documents by December 4, 2023.

💹 XRP's Reaction

As expected, the price of Ripple's native token rose to $0.55 (according to CoinGecko) immediately following the decision. However, in the following hours, XRP pulled back slightly and is currently trading around $0.52.

🤔 Do you think Ripple will be able to win the SEC case? We are waiting your comments! 🗣️