The U.S. Securities and Exchange Commission (SEC) has been denied its motion to appeal a ruling that retail sales of XRP tokens do not constitute a security offering. District Court Judge Analisa Torres rejected the motion, citing that the SEC failed to establish the necessary conditions. The trial on the case will commence on April 23rd next year in New York. According to lawyer Jeremy Hogan, the response has disastrous consequences for the SEC. Ripple chief legal officer Stuart Alderoty commented on the implication of the order on the status of the XRP token, stating that the July 13 ruling remains the law of the land and that XRP is not a security.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	James K. Filan, Analisa Torres, Jeremy Hogan, Stuart Alderoty
Companies	District Court Judge Analisa Torres, Facebook, X, Telegram, Twitter, James K. Filan, Jeremy Hogan, U.S. Securities and Exchange Commission, Ripple, Stuart Alderoty
Currencies	XRP, Bitcoin, Ethereum
Securities	None