US EditionJudge Denies Move to Reduce Ripple’s Penalty in SEC Case
- On May 15, 2025, Judge Analisa Torres denied Ripple and the SEC's joint motion to reduce Ripple's penalty and lift the injunction in their ongoing XRP lawsuit in New York.
- The denial was based on the motion being improperly submitted, as it did not meet the stringent standard requiring a demonstration of exceptional circumstances necessary to obtain relief from a final judgment according to the applicable legal rule.
- The court pointed out that the parties overlooked the significant legal hurdle required to lift the injunction and meaningfully lower the $125 million civil penalty imposed in the August 2024 judgment.
- Judge Torres emphasized that the motion must comply with Rule 60's higher standard and convince her that relief is in the public interest, while Ripple’s Chief Legal Officer Stuart Alderoty assured both sides will refile properly.
- The denial creates a procedural setback that could delay the case’s final resolution as Ripple and the SEC need to submit a new motion satisfying Rule 60 before settlement and appeals proceed.
21 Articles
21 Articles
Judge Denies Joint Bid From Ripple and the SEC To End Their Longstanding Legal Battle Over XRP - The Daily Hodl
A US judge swatted down a joint motion from the U.S. Securities and Exchange Commission (SEC) and the payments firm Ripple that would have taken steps toward ending their longstanding legal battle. Ripple and the SEC had filed a joint motion earlier this month for an “indicative ruling” to see whether District Judge Analisa Torres would be open to vacating the firm’s previously assigned $125 million civil penalty and reducing it to $50 million. …
Ripple Takes Another Hit In SEC Case As Judge Rejects Settlement Motion—What We Know So Far
In a surprising turn of events, Ripple’s legal battle with the SEC has hit another roadblock. Judge Analisa Torres has denied a joint request from Ripple and the SEC for an indicative ruling that aimed to dissolve the existing injunction and reduce Ripple’s financial penalty from $125 million to $50 million. This decision has left […] The post Ripple Takes Another Hit In SEC Case As Judge Rejects Settlement Motion—What We Know So Far appeared fi…
XRP Hits Denial Phase As Judge Rejects Ripple-SEC Motion
Key Insights: XRP enters the denial phase, echoing past pre-crash on-chain sentiment trends. Judge Torres rules Ripple-SEC motion procedurally improper under Rule 60. Ripple says XRP remains non-secure despite the latest court rejection. XRP price recently dropped to $2.42. This happened after a New York federal judge rejected a request from Ripple Labs and the SEC to modify a previous ruling. The decision caused uncertainty in the market, lead…
XRP Lawsuit: Lawyer Reveals Expected Timeline for Ripple SEC Case Conclusion
The post XRP Lawsuit: Lawyer Reveals Expected Timeline for Ripple SEC Case Conclusion appeared on BitcoinEthereumNews.com. On May 15, Judge Analisa Torres denied a joint motion from Ripple and the U.S. Securities and Exchange Commission (SEC) that sought approval for a proposed settlement structure. The motion, described as a request for an “indicative ruling,” was dismissed as “procedurally improper.” Judge Torres noted that even if the court h…
SEC And Ripple’s Settlement Effort Stalled Due To Technicalities
Judge Torres had rejected the SEC and Ripple’s joint motion for an indicative ruling. The Federal Judge cited not following proper legal procedure and not making a valid case as the reasons for the denial. Ripple’s legal battle with the US Securities and Exchange Commission might experience another delay after Judge Analisa Torres of the District Court of the Southern District of New York dismissed the parties’ joint motion for an indicative rul…
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