According to Foresight News, CoinDesk reported that the U.S. Securities and Exchange Commission’s (SEC) appeal request in the Ripple case was rejected by a federal judge. District Judge Analisa Torres said in a brief ruling Tuesday that the SEC failed to demonstrate under the law that there was a controlling question of law or a material difference of opinion. The SEC may still try to appeal the entire case. Following the news, XRP price increased by around 5%.