US District Judge Analisa Torres has rejected the U.S. Securities and Exchange Commission’s motion to appeal in the ongoing Ripple lawsuit.
Widely-followed crypto Twitter account db () posted the breaking news, causing an immediate 5% spike in the XRP price.
Judge Rejects SEC Appeal vs Ripple
View the October 3rd order on .
‘The SEC’s motion for certification of interlocutory appeal is DENIED, and the SEC’s request for a stay is DENIED as moot.’
Read our early September coverage of Ripple Labs objecting to the the .
XRP Price Spikes
The XRP price hit an intraday high of just under $0.55 at the time of writing, now trading back above the 200 daily EMA.
On July 13th the XRP price spiked to $0.96 when it was first ruled by Judge Torres that XRP is not a security – a retest of that high would be a close to 80% move for XRP from its price today.
FXStreet today posted a , based on the token printing higher highs and higher lows on the four hour chart.
Read our October 2nd .
Ripple Jury Trial Date Set
The Ripple jury trial date has also been set for April 23, 2024.
This is a developing story.