US District Judge rejects the SEC’s motion to appeal in the lawsuit against Ripple over the sale of XRP. The judge states that the SEC did not meet the requirements for an early appeal and that the case should proceed to trial. The lawsuit accuses Ripple of violating investor protection laws by selling over $1.3 billion of XRP without proper registration. The denial of the SEC’s appeal is seen as a win for Ripple, who has been dealing with the lawsuit for years. It is unclear if the SEC will further appeal the ruling. The trial is expected to begin in April 2024.
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