Ripple Faces Setback as Legal Battle with SEC Stalls over Procedural Issues

A procedural roadblock has emerged in the ongoing legal dispute between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres denied a joint motion by Ripple and the SEC for an indicative ruling, citing procedural impropriety. The court’s decision stems from a pending appeal before the Second Circuit regarding jurisdiction.