The US District Court for the Southern District of New York has denied the Securities and Exchange Commission’s (SEC) motion for an interlocutory appeal in its case against San Francisco-based blockchain tech company Ripple Labs. The judge noted that the issues at hand involve complex factual and economic analyses, and that the SEC did not present conflicting authority on the issues or demonstrate that there was substantial ground for a difference of opinion.The decision to reject the SEC’s motion for interlocutory appeal means that the litigation between the SEC and Ripple Labs will continue as scheduled, with the trial set to begin on April 23, 2024. This development underscores the complexity of legal disputes in the crypto space, where issues related to the classification of digital assets as securities and the application of existing securities laws are still being explored in courts.The SEC still has the option to appeal the case after the trial reaches a conclusion and a final judgment is issued. In such a scenario, the commission can raise any legal issues, arguments, or claims it believes are relevant to the case. This allows both parties – Ripple and the SEC – to present their arguments and evidence in a higher court for review if they are dissatisfied with the outcome of the trial. The outcome of this case will likely have significant implications for the regulatory framework surrounding digital assets in the United States.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	SEC, Judge, Analisa Torres, District Judge, Ripple Labs
Companies	SEC, US District Court for the Southern District of New York, PrimeXBT, Binance, Ripple Labs
Currencies	XRP, Bitcoin, Ethereum, US Dollar
Securities	None