An unexpected rejection. It was thought that the case was settled and that the court case on XRP was definitively closed, but that was without counting on Justice Torres who has just rejected the joint claim of both parties. Indeed, the Securities and Exchange Commission (SEC) and Ripple had asked the court to issue an indicative decision to lift the previous injunction of August 2024 and reduce the fine imposed by Ripple, but the judge found that the motion was "procedurally irregular."

The key points of this article:

Judge Torres rejected the joint request of the SEC and Ripple regarding the XRP case, citing a procedural irregularity.

The event is part of a legal detente against Ripple and cryptos, after a change in the SEC's presidency under the Trump administration. The Court considers that the application is "procedurally irregular"

Justice Torres therefore considers that the SEC and Ripple have not complied with the procedure and that they must reformulate their claim using the correct rule. But that doesn't change anything in the back of the case, as Stuart Alderoty, Ripple's CLO, pointed out on X:

"Nothing in today's ordinance changes Ripple's victories (i.e. XRP is not a security/movable value). These are procedural problems (...). Ripple and the SEC fully agree to resolve this case and will re-examine this issue with the Court, together with