The latest price moves in crypto markets in context for Oct. 4, 2023.
the U.S. Securities and Exchange Commission’s bid to appeal its ground-shaking loss against Ripple, the crypto company associated with the XRP token.
. District Judge Analisa Torres said in a brief ruling on Tuesday that the SEC had failed to meet its burden under the law to show that there were controlling questions of law or that there are substantial grounds for differences of opinion. The decision isn’t a complete loss for the SEC, though. The judge set an April 2024 trial date for other issues that still need resolution. The agency could still try to appeal the entire case following that trial.
The absence of a clear U.S. legal framework for crypto is no bar against pressing fraud charges against FTX founder Sam Bankman-Fried, the U.S. Department of Justice said in a. The former CEO of the crypto exchange has pleaded not guilty to allegations he misappropriated customer funds from FTX. Meanwhile lawyers from both sides are still sparring over what evidence the as-yet-unselected jury will be able to hear.
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