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“If the ruling is adopted by the court docket of appeals, it possibly supplies a pathway for projects to elevate resources,” Gulovsen claimed. Decide Torres’ ruling could also confirm to be an outlier. An additional decide in the exact courtroom, Decide Jed Rakoff, explicitly turned down Judge Torres’ assessment in a summary judgment ruling of his own in the SEC’s situation in opposition to Terraform Labs – although, of course, the conditions of that ruling are distinctive to that scenario, as the conditions of the Ripple ruling are unique to this case.
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