Court rejects the SEC comparison application with Ripple as a procedural inadmissible-at the end of the litigation, it continues to be delayed.

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Richter weist SEC-Vergleichsantrag mit Ripple zurück In einem aktuellen Rechtsstreit hat ein Richter den Antrag der US-Börsenaufsichtsbehörde SEC auf einen Vergleich mit Ripple Labs abgelehnt. Der Richter begründete seine Entscheidung damit, dass der Antrag als verfahrensrechtlich unzulässig einzustufen sei. Dieser Beschluss hat die Bemühungen der SEC, den langwierigen Durchsetzungsstreit mit Ripple zu beenden, erheblich verlangsamt. …
Judge rejects the SEC comparison application with Ripple in a current legal dispute. The judge justified his decision by the fact that the application was to be classified as inadmissible under procedural law. This decision has significantly slowed down the efforts of the SEC to end the lengthy enforcement dispute with Ripple. ... (Symbolbild/KNAT)

judge rejects the SEC comparison application with ripple

In a current legal dispute, a judge rejected the application of the US stock exchange supervisory authority SEC for a comparison with Ripple Labs. The judge justified his decision by the fact that the application was to be classified as inadmissible under procedural law. This decision has slowed down the efforts of the SEC to end the lengthy enforcement dispute with Ripple.

The case between the Sec and Ripple, which revolves around the regulation of cryptocurrencies, has increasingly gained attention in recent months. Ripple accuses the SEC of violating the XRP cryptocurrency against the securities laws. The judge's rejecting judgment could have a significant impact on the further development of this legal dispute.

The decision could also have preceded consequences for the entire cryptocurrency industry. Investors and market participants carefully pursue the outcome of the procedure because it could be decisive for how cryptocurrencies will be regulated in the future.

The next steps in the procedure are now open. It remains to be seen how Ripple will react to the judgment and whether the SEC will develop a new strategy in the legal discussion.