Just when the XRP community thought the long-running Ripple Vs SEC lawsuit was nearing an end, there has been a twist in the tale. In a massive setback in the XRP lawsuit, Judge Analisa Torres denied both parties’ request for an indicative ruling. The court outlined serious reasons and cited case laws to back up its decision to deny this motion. The crypto markets reacted sharply to the ruling, with XRP price dropping over 5% on Thursday night. Judge Torres Denies Indicative Ruling In XRP Lawsuit In an X post, Defense lawyer James Filan revealed that Judge Torres has denied Ripple and the SEC’s motion for an indicative ruling. The court determined that the motion was “procedurally improper,” noting that the request to absolve the crypto firm of some of its obligation to cease the illegal sale of securities and pay the full civil penalty amounts to a motion to… Read More at Coingape.com

The post Ripple SEC Lawsuit In Limbo as Judge Torres Denies Indicative Ruling on XRP appeared first on CoinGape.

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