The Battle is Just Getting Started The SEC is on a losing streak in court. This week, we saw Ripple securing another win after Judge Analisa Torres denied the SEC’s motion to appeal the case as it failed to meet its respective burden of proof, highlighting its lack of evidence. Ripple heightened its morale after the news, and XRP surged over 5% shortly after. The XRP community declared victory, which could be a tad soon, as this long-standing legal battle is far from over. In that same court ruling, Judge Torres set the trial date for April 23, 2024. The two parties must submit all the necessary pre-trial filings and documents by December 4, 2023. But here’s the catch: the SEC can appeal the case once the trial concludes, and the possibilities are high as the standard litigation process allows for appeals post-trial, putting the case back on track. Elliott Z. Stein, a senior Litigation Analyst at Bloomberg, stated that the court only denied the interlocutory appeal before the final judgment in the case. This means it was only an immediate appeal before the actual trial.