A U.S. federal judge has rejected the U.S. Securities and Exchange Commission’s (SEC) bid to appeal its loss against Ripple, the crypto company associated with the XRP token. The news caused XRP’s price to rally about 5%. District Judge Analisa Torres said in a brief ruling that the SEC had failed to meet its burden under the law to show that there were controlling questions of law or that there were substantial grounds for differences of opinion. The judge set an April 2024 trial date for other issues that still need resolution. The SEC could still try to appeal the entire case following that trial.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	Analisa Torres
Companies	SEC, District Judge Analisa Torres, XRP, U.S. Securities and Exchange Commission, Ripple
Currencies	XRP, Bitcoin, Ethereum
Securities	None