SEC and Ripple's joint request to amend the ruling issued in August 2024, which imposed a $125 million fine on Ripple and requested its reduction to $50 million, citing the failure to follow proper federal procedural rules.
The parties are expected to resubmit their request in a legally sound format, which may slightly prolong the litigation process without halting the core settlement trajectory.
2. The impact of the decision on the price of XRP
Following Judge Torres' decision, the price of XRP dropped by approximately 4.6% to $2.43, weakening the expectations of breaking the $3 level in the near term.
