SEC LOSES AGAIN—APPEAL OF LANDMARK RIPPLE RULING REJECTED

Summary from the TLDR Crypto newsletter

A US federal judge rejected the SEC appeal against a judgment that favored crypto firm Ripple Labs. According to the judge, the SEC failed to prove that there was a problem with the initial decision in the case. For context, the court had previously ruled against the categorization of Ripple's cryptocurrency token sale as an illegally unregistered securities offering. The SEC can still appeal following the case's formal conclusion next April.