District court docket decide Analisa Torres has rejected the US Securities and Change Fee’s (SEC) movement to file an interlocutory attraction towards the current Ripple ruling.
In an Oct. 3 court docket order, Choose Torres denied the SEC’s movement because the SEC did not failed to fulfill its burden to indicate there have been controlling questions of regulation or that there have been substantial grounds for variations of opinion on the matter.
“The SEC’s movement for certification of interlocutory attraction is denied, and the SEC’s request for a keep is denied as moot.”
On July 13, Choose Torres dominated partially in favor of Ripple, discovering that retail gross sales of the XRP (XRP) token didn’t represent the authorized definition of a safety.
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