๐จ XRP HOLDERS: MAJOR RIPPLE vs. SEC UPDATE!
On May 15, 2025, U.S. District Judge Analisa Torres denied the joint motion by Ripple and the SEC seeking to modify the existing injunction and reduce Ripple's civil penalty from $125 million to $50 million. The court found the motion procedurally improper, indicating that it was not filed under the correct legal framework .TheStreet+3The Crypto Times+3CryptoSlate+3Reddit+3CryptoSlate+3CoinGape+3
What This Means:
The proposed settlement is not approved at this time.
The existing injunction and $125 million penalty remain in effect.
Ripple and the SEC may refile their motion following the appropriate legal procedures.CoinGape+1CryptoSlate+1
Market Reaction:
Following the court's decision, XRP's price experienced a decline, dropping to approximately $2.43 .The Crypto Times
Looking Ahead:
While this development is a setback, it does not signify the end of settlement discussions. Both parties have the opportunity to address the procedural issues and resubmit their motion.
