Judge Torres rejects the SEC's motion for an interlocutory appeal in Ripple case

[Joshua Farrell]

District Judge Analisa Torres rejected the Securities and Exchange Commission's move to certify for interlocutory appeal in its battle with crypto firm Ripple, noting the agency did not demonstrate that the appeal would "materially advance the ultimate termination of the litigation."

"For the reasons stated above, the SEC's motion for certification of interlocutory appeal is DENIED, and the SEC's request for a stay is DENIED as moot," Torres said in an order on Tuesday in the U.S. District Court for the Southern District of New York.

A trial is then set for April 23, 2024. Ripple and the SEC are expected to submit pretrial filings by the end of the year, Torres said.

Read the rest of the article: https://www.theblock.co/post/254625...on-for-an-interlocutory-appeal-in-ripple-case

I hope soemthing good eventually comes of this whole XRP Ripple case that has been in the news the last couple years.

 

[kit_hung]

The US Securities and Exchange Commission’s decision to file a preliminary injunction against Ripple is tantamount to declaring war on the cryptocurrency market. This move shows that the battle is not over yet and that top officials want to determine the direction. It is like a fight between a lion and a tiger, fighting for victory.