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Ripple Triumphs as Judge Denies SEC’s Sur Sur-Reply Request -Breaking

by Mike Robinson

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© Reuters. Ripple Triumphs as Judge Denies SEC’s Sur Sur-Reply Request
  • The legal fight between SEC (and.) has seen a significant new development.
  • Momentum shifted in favor of Ripple Labs Inc. as the United States District Judge denies the SEC’s Sur Sur-Reply.
  • XRP price is still down despite the victory for the Ripple community due to Russia’s attack on Ukraine

District Judge Torres has denied the US SEC’s motion to file a Sur Sur-Reply in support of its motion to strike against Ripple.

The SEC has filed a suit against Ripple Labs, Inc., and its two executives in December 2020. They claim that they sold more than $1.3 billion through XRP, which is an unregistered security.

During the proceedings, Ripple lawyers filed a Sur-Reply, which mentioned that this is the agency’s first case in which they have enforced actions against a company or its individual executives for overselling an established digital asset.

The ongoing legal struggle has seen both the

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