🚀🎉 US Judge rejected SEC's appeal in the lawsuit against Ripple! XRP price rose 5% with this news. 😄
🤔 Judge Torres stated that the SEC failed to demonstrate legal questions. However, it is not a total loss for the SEC, as a hearing date has been set for April 2024 to resolve other matters.
🤷♂️ In July, the judge ruled that Ripple violated federal securities laws when it sold XRP to institutional investors, but did not do so by offering XRP to retail customers through scheduled sales to exchanges.
👀 SEC and Ripple spokespeople did not immediately respond to requests for comment.
💬 What do you think are the SEC's chances of being successful against Ripple? We are waiting your comments! 😁#DeFi#Web3
🤔 Judge Torres stated that the SEC failed to demonstrate legal questions. However, it is not a total loss for the SEC, as a hearing date has been set for April 2024 to resolve other matters.
🤷♂️ In July, the judge ruled that Ripple violated federal securities laws when it sold XRP to institutional investors, but did not do so by offering XRP to retail customers through scheduled sales to exchanges.
👀 SEC and Ripple spokespeople did not immediately respond to requests for comment.
💬 What do you think are the SEC's chances of being successful against Ripple? We are waiting your comments! 😁#DeFi#Web3