Judge Analisa Torres issued the decision on October 3rd, 2023. Furthermore, the request for a postponement has been denied as it no longer applies. The hearing is scheduled for April 23rd, 2024, beginning at 9:00 A.M. Before that, a final pretrial conference involving attorneys representing both the SEC and Ripple is scheduled for April 16th, 2024, at 2:00 P.M.
The court has therefore set specific deadlines in its pretrial scheduling order. All necessary pretrial submissions, including the joint pretrial agreement, motion filings, and decision documentation must be submitted by December 4th, 2023, upon which date a copy of each requested document must also reach the court.
Previously, the U.S. Securities and Exchange Commission sought permission to file an interlocutory appeal during the case, which is unlike the usual practice of filing appeals after all issues are definitively decided, with exceptions for crucial matters. However, the court has now rejected the appeal, indicating that the issue at hand does not warrant an exception.
The court listed several reasons for denying the request, including but not limited to the matter at hand not being a purely legal concern, the reported issues lacking legal precedents, the irrelevance of similar cases in the past such as LUNA, among others.
Judge Overseeing Ripple Case Officially Declines SEC Request
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
October 04,2024
New HBO Documentary To Shed Light On Satoshi Nakamoto
October 04,2024
Crypto Drought Causes Uptober Mentions To Plunge On Social Media
October 03,2024
Nationwide Outage Causes Disruption To Thousands Of Bank Of America Customers
October 03,2024
Edward Snowden Criticizes Solana And Its Highly Centralized Approach
October 02,2024
China May Rethink Crypto Ban If Donald Trump Wins Election
October 02,2024
BONK Continues To Impress As Meme Coin Market Soars
October 01,2024
Trouble In Paradise As Another Developer Leaves Cardano
October 01,2024
Stringent Regulations Lead To Gemini Shutting Down Canadian Customer Accounts
September 30,2024
Japan Gets New Prime Minister As Crypto Community Remains Concerned
September 30,2024
Binance Founder Reaffirms Crypto And Blockchain Support After Serving Sentence
September 30,2024
Web3 Fundraising Deals - 24th To 30th September 2024
September 29,2024