$BNB
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 non-compliance with proper federal procedural rules.
Both parties are expected to resubmit their request in a legally sound format, which may slightly prolong the litigation process without halting the core settlement pathway.
2. Impact of the decision on XRP price
Following Judge Torres's decision, the price of XRP dropped by about 4.6% to $2.43, weakening expectations of breaking the $3 level in the near term.