Court Denies SEC's Request to Appeal Ripple Judgment In a recent development, the court has denied the Securities and Exchange Commission's (SEC) request to appeal the judgement in the Ripple case. This decision marks a significant milestone in the ongoing legal battle between Ripple and the SEC.
The SEC had filed a lawsuit against Ripple Labs Inc., alleging that the company had conducted an unregistered securities offering by selling XRP tokens. After a lengthy legal process, the court ruled in favor of Ripple, stating that XRP should not be classified as a security.
However, the SEC was not satisfied with the court's decision and sought to appeal the judgment. Their request to appeal has now been denied by the court, indicating that the previous ruling stands.
This decision comes as a relief to Ripple and its supporters, who have long argued that the SEC's case lacked merit. It further strengthens Ripple's position and provides a precedent for future cases involving cryptocurrency securities.
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