The content discusses the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, which began in December 2020. District Judge Analisa Torres issued a mixed ruling, partially approving and partially rejecting motions from both parties. The court approved the SEC’s motion in relation to Institutional Sales but rejected it for other aspects. Ripple’s motion was approved for Programmatic Sales, Other Distributions, and transactions conducted by its executives, but rejected for Institutional Sales. The SEC’s motion alleging aiding and abetting was also turned down. A jury trial involving Ripple and its executives is scheduled for April 2024, and the SEC has submitted a motion for interlocutory appeal. John Deaton expects Judge Torres to deny the SEC’s motion.
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