<ul><li>While the SEC&#39;s appeal in the Ripple case is denied, XRP surges 8%, solidifying its position in the top 100 digital assets.</li><li>Santiment reports on SEC-Ripple decision, highlighting the cryptocurrency market&#39;s rapid response.</li><li>Legal battle over XRP&#39;s classification intensifies, reshaping the future of crypto regulation in the US.</li></ul>In a significant legal development, the U.S. Securities and Exchange Commission (SEC) has been <a href="https://twitter.com/FilanLaw/status/1709343608338309383?t&#61;fwBINSPyXAiJUMODsyUA9Q&amp;s&#61;19" rel="noopener noreferrer nofollow">denied</a> its bid to appeal allegations of unlawful securities sales against Ripple, a blockchain technology company associated with the cryptocurrency XRP. District Court Judge Analisa Torres handed down this decision, as tweeted by Santiment, a reputable cryptocurrency data and insights provider.This news triggered an immediate 8% surge in XRP&#39;s price, reaffirming its status as a prominent player among the top 100 digital assets. Judge Torres has <a href="https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?order_by&#61;desc#entry-917" rel="noopener noreferrer nofollow">scheduled</a> a trial on April 23 2024 to address remaining matters, in the case.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6951a91ed8be4aaea853f2e6e4a8d940.png" />SEC  initially<a href="https://www.sec.gov/news/press-release/2020-338" rel="noopener noreferrer nofollow"> launched </a>an action against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen in December of 2020. This legal action had far-reaching consequences, leading several cryptocurrency exchanges to delist the XRP token to mitigate potential regulatory risks.Read full article at <a href="https://cryptotale.org/sec-faces-setback-as-xrp-price-surges-8-amid-ongoing-legal-battle/" rel="noopener noreferrer nofollow">CryptoTale.</a>

SEC Faces Setback as XRP Price Surges 8% Amid Ongoing Legal Battle

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