The XRP price spiked after Judge Torres of the Southern District of New York denied the U.S. Securities and Exchange Commission's (SEC) interlocutory appeal motion against Ripple
Judge Torres provided a detailed explanation for her decision, emphasizing that the SEC failed to present a “pure question of law” that could be swiftly and conclusively resolved without delving into the case's record. The court also rejected the SEC's contention that there's substantial ground for differences in opinion regarding the Court's conclusions.
Oppositions to any motions are due by Dec. 18. Leading up to the trial, a final pretrial conference involving counsel for all parties will be held on April 16, 2024, at 2:00 p.m. in the same courthouse.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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