The SEC and Ripple joint application to amend the ruling issued in August 2024, which imposed a $125 million fine on Ripple and requested a reduction to $50 million, citing the failure to follow the correct federal procedural rules.
It is expected that both parties will resubmit their request in a legally sound format, which may slightly prolong the litigation process without halting the core settlement path.
2. Impact of the ruling on XRP price
Following Judge Torres' decision, the price of XRP dropped by about 4.6% to $2.43, weakening the expectations of breaking the $3 level in the near term.$BNB