In the nearly 3-year SEC-Ripple securities case, another very important decision was made in favor of Ripple. Analisa Torres, one of the judges in the case, prevented the SEC from appealing the decision she made for XRP in July. The institution’s request in this direction was officially rejected.

As it will be remembered, Torres’ ruling on July 13 stated that XRP’s sales on public exchanges complied with investment contract laws. The reason for this was that the profits expected by investors from sales on exchanges were not linked to Ripple’s policies.

The SEC then asked for permission to appeal Torres’ decision. However, Torres rejected the appeal request, stating that there was no significant development to change his mind.

The judge also commented on the Terra decision

On the other hand, Judge Torres also commented on the decision of another judge 2 weeks after his own decision that “LUNA’s sales on exchanges are investment contracts”. Torres stated that his XRP decision was not contradictory to the LUNA decision.

The next hearing date between the SEC and Ripple is set for April 23, 2024.