币界网报道：A U.S. judge has denied Ripple Labs' motion to dismiss the SEC's lawsuit alleging the company conducted an unregistered securities offering through XRP sales. The ruling extends the 4.5-year legal battle, with Judge Sarah Netburn rejecting Ripple's argument that the SEC failed to provide fair notice about XRP's regulatory status. The case now moves to trial, where the SEC seeks $2 billion in penalties for what it claims were $1.3 billion in unregistered securities sales. Ripple maintains XRP is not a security, citing previous court decisions that found programmatic sales didn't violate securities laws. The outcome could significantly impact how cryptocurrencies are regulated in the U.S., with industry observers closely watching whether the court will uphold the SEC's expansive view of securities laws applying to digital assets.