In the ongoing Ripple case, Judge Analisa Torres has criticized the U.S. Securities and Exchange Commission (SEC) over its inconsistent arguments. The court recently denied the SEC’s request to certify an interlocutory appeal in the case, and Judge Torres expressed dissatisfaction with the SEC’s shifting stance. The judge highlighted specific instances where the SEC presented conflicting arguments regarding Ripple’s other distributions of XRP. This criticism echoes previous comments made by Magistrate Sarah Netburn, who also took issue with the SEC’s inconsistent approach. The ongoing Ripple case is considered a significant test for cryptocurrency regulations in the United States and highlights the complexities of regulating digital assets. The case will likely shape the regulatory landscape for cryptocurrencies and similar cases in the future.
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