District Court Judge Analisa Torres rejected the SEC’s request to submit an appeal, stating that the regulatory body failed to demonstrate significant reasons for a difference of opinion.
District Court Judge Analisa Torres has dismissed the United States Securities and Exchange Commission’s request to appeal its defeat in the case against Ripple Labs, the entity behind XRP Tokens.
In a court order dated October 3rd, Judge Torres declined the SEC’s motion, stating that the regulatory body did not fulfill its obligation to demonstrate the presence of decisive legal questions or substantial reasons for differing opinions on the issue.
“The SEC’s request for certification of an interlocutory appeal has been rejected, and their request for a stay is deemed irrelevant.”
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