
Judge rejects SEC’s request to appeal Ripple decision
The ruling sets the stage for a final courtroom showdown between Ripple and the regulator in April 2024.
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Amid a crypto market plummet, Tron minimizes losses as Bitcoin, Ethereum, and Ripple witness sharp declines.

Stuart Alderoty discussed the broader impact of Ripple's victory against the SEC.

Deaton believes that the decision on an appeal by the SEC will take at least two years and the judge could rule the "exact same way."

The SEC believes the Ripple ruling on retail sales "conflicts" with the Howey Test and is contrary to the principles of securities laws.

Congressman Glenn Thompson said the Ripple ruling shows there is "confusion" in the industry about how securities laws apply to cryptocurrencies and that lawmakers need to step.

The SEC chair said the agency would review the opinion and continue working to bring non-compliant firms into compliance.



