A judge has denied the appeal made by the U.S. Securities and Exchange Commission (SEC) against a court decision that ruled XRP sales did not meet the legal definition of a security. This decision resulted in a nearly 6% surge in the price of XRP. However, the judge has scheduled a trial for April 23, 2024, to address remaining issues in the case. In other news, a new working group has been established in Hong Kong to deal with illicit activities in the crypto exchange sector. The Canadian Securities Administrators have provided guidance on trading stablecoins, stating that they may be considered securities and/or derivatives. Additionally, the Financial Conduct Authority in the UK has added 143 crypto exchanges to its list of non-authorized firms that customers should avoid.
AI Sentiment: Neutral
