The ongoing legal battle between the SEC and Ripple Labs took a new turn as Judge Analisa Torres denied the SEC’s request for an interlocutory appeal. This means that both parties will proceed to a trial scheduled for April 2024, which could have significant implications for regulatory norms in the crypto industry. Ripple’s native cryptocurrency XRP saw a 5% spike in response to the news. The outcome of the case could also impact other crypto platforms like Binance and Coinbase. The trial is subject to a strict timeline, with pretrial preparations and deadlines for motions and filings. The case has garnered widespread attention and highlights the evolving landscape of the financial sector.
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