Haider Jamal

Oct 05, 2023

Judge Overseeing Ripple Case Officially Declines SEC Request

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.

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