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A new setback for Ripple and the SEC: the judge rejects the second modification request
In a ruling that shakes up the regulatory waters of the crypto ecosystem again, Judge Analisa Torres of the Southern District of New York rejected a second joint request from Ripple and the U.S. Securities and Exchange Commission (SEC) to modify the previously established sanction terms.
This ruling highlights an increasingly strict judicial approach towards transparency and accountability, even as both parties sought to soften the conditions of an unprecedented economic agreement for the sector.
Regulatory integrity vs. private agreements: justice sets the tone
The judge made it clear that, although Ripple and the SEC tried to reach a consensual resolution, any modification must undergo institutional and legal rigor. This ruling is interpreted as a warning: courts are not mere notaries of agreements between stakeholders.
According to John E. Deaton, defense attorney for XRP holders, this could set a precedent:
"Judge Torres is sending a clear message: decisions in the crypto ecosystem will not be cosmetic."
Ripple in the spotlight: institutional strength or strategic pressure?
Although Ripple has consistently defended its model as transparent and legitimate, this new episode could dampen hopes for a quick resolution in its legal battle.
Financial compliance specialist Charles Gasparino from Fox Business stated:
"The legal system is tired of quick fixes. This battle will lay the groundwork for the crypto regulatory framework in the U.S."
What does this mean for XRP and investors?
For XRP holders, the news creates short-term uncertainty, but it also shows that Ripple is being treated as an institutional player. Far from being a death blow, it is a sign that the final stage of the case is approaching and will be decisive.
Michael Arrington, founder of Arrington Capital, warned:
"If Ripple overcomes this with a partial victory, XRP could become one of the tokens with the greatest legal clarity in the market."
