US judge denies SEC's attempt to appeal Ripple ruling.

The decision from federal judge Analisa Torres was another blow to the SEC’s efforts to rein in the crypto world.

Highlights

A US judge denied an attempt by the Securities and Exchange Commission to appeal a ruling that digital tokens are not securities when sold to the general public.
The decision is another blow to the SEC’s efforts to rein in the crypto world.
Another federal judge, Jed Rakoff, said on July 31 that digital currencies can be considered securities.
The SEC has brought a string of enforcement actions against crypto investors and businesses since the beginning of January.
That includes cases against Coinbase and Binance, the world’s biggest crypto exchange, and a court case against Ripple Labs is set for April 23 of next year.Crypto stocks rose at Wednesday’s open but gave back those gains by 11 a.m.
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