The Securities and Exchange Commission (SEC) filed a motion for an interlocutory appeal in the SEC v. Ripple case, but the court denied the motion. However, experts suggest that an appeal could still happen once the full case concludes. Following the court’s decision, the price of the XRP token increased by over 4%. The court also dismissed the SEC’s reference to the Terraform Labs case and criticized the lack of evidence to support the appeal’s significance in expediting the case. Ripple’s chief legal voice reiterated that XRP is not considered a security.
AI Sentiment: Neutral