Judge sides with Ripple again, denies SEC appeal: Law Decoded

On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law or substantial grounds for differences of opinion on the matter.

The regulator appealed against the court’s July decision declaring that retail sales of the XRP token did not meet the legal definition of a security. The SEC argued there was “substantial ground for differences of opinion” on the laws at hand.

Keeping up with the SBF trial

Hong Kong forms crypto task force

Canada comes up with the rules for stablecoins

U.K. adds 143 crypto companies to its warning list

Source

Related posts:

Pourquoi la lutte de la SEC contre les crypto-monnaies va-t-elle changer le secteur ? Law Decoded: El juez vuelve a dar la razón a Ripple y rechaza el recurso de la SEC Analysis-Companies fear lawsuits from California’s climate disclosure rules Shibarium and BONE Listed on Turkish Crypto Platform, Bitcoin Might Meet ‘Key Pivot Point’ on Nov. 21, Ripple Keeps Moving Millions of XRP to Bitstamp: Crypto News Digest by U.Today