Best Crypto to Buy Now October 4 – Trust Wallet, Avalanche, GALA
Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3.
Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage.
As Ripple builds momentum versus the SEC allegations, what is the best crypto to buy now?
The SEC originally sued Ripple Labs and its executives in December 2020, alleging that Ripple's XRP cryptocurrency was an unregistered security.
In July, Judge Torres issued a partial victory for Ripple, ruling that retail sales of XRP did not constitute the sale of securities. However, the judge found that some institutional sales of XRP by Ripple did violate securities laws.
In response, the SEC filed a motion in August to appeal the partial loss. Judge Torres has now denied that request, determining that the SEC did not meet the required legal standards for an interlocutory appeal.
The judge did schedule a trial date of April 23, 2024, to address any outstanding issues.
The SEC's setback against Ripple comes amid ongoing legal battles between regulators and crypto companies over securities rules.
The ultimate outcome of the Ripple lawsuit could have significant implications for the treatment of cryptocurrencies under U.S. securities laws going forward.
Trust Wallet Token, Bitcoin Minetrix, Avalanche, yPredict, and GALA are staking their claim as the best crypto to buy now against today's cryptocurrency market backdrop, buoyed by their solid fundamentals and/or upbeat technicals.
Bucking the broader cryptocurrency market's relatively low volatility, the TWT price is up by a significant 13.75% so far
Read more on cryptonews.com
