Judge Denies Torres Ruling To Dismiss SEC Lawsuit, What It Means For XRP And Terra?

A federal judge denied a motion by Terraform Labs and Do Kwon to dismiss the lawsuit by US Securities and Exchange Commission (SEC). The judge has also rejected Judge Torres’ landmark ruling in the US SEC v. Ripple Labs as precedent in the lawsuit. Ripple executives including CLO Stuart Alderoty and CTO David Schwartz clarify that Terra’s case will not change XRP status as non-security.