Odaily Planet Daily News The judge rejected Terraform Labs' application to dismiss the US SEC's charges, and at the same time refused to use another judge's ruling that "Ripple's sale of XRP to retail investors through exchange intermediaries does not violate securities laws." Earlier, Terraform Labs filed an application to dismiss the SEC lawsuit, saying the regulator had sufficiently demonstrated its jurisdiction. The judge said the crypto industry fell short of industry standards of "enormous economic and political significance," so Terraform's application could not apply. (CoinDesk)