District Judge Analisa Torres rejected the SEC’s move to certify for interlocutory appeal and set trial dates for next year.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroA trial then is set for April 23, 2024 and Ripple and the SEC should submit pretrial filings by the end of the year, Judge Torres said.
“For the reasons stated above, the SEC’s motion for certification of interlocutory appeal is DENIED, and the SEC’s request for a stay is DENIED as moot,” Torres said in anA trial is then set for April 23, 2024. Ripple and the SEC are expected to submit pretrial filings by the end of the year, Torres said.
The SEC wanted to appeal the part of the decision about the programmatic sales as well as “other distributions” that included offers and sales of XRP in exchange for goods and services.in July that some of Ripple’s sales of XRP did not violate securities laws. She also ruled that other direct sales of the token to institutional investors were securities, leaving a partial win for the SEC.
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