📢 U.S. COURT REJECTS REQUEST FOR REDUCTION OF PENALTY FROM RIPPLE & SEC
On June 27, 2025, a U.S. federal court officially rejected a joint request from the SEC and Ripple for a "suggestive ruling" to:
Reduce the civil penalty from $125 million to $50 million
Overturn the ruling that Ripple violated Section 5 of the Securities Act by selling $XRP to institutional investors
👩⚖️ Judge Analisa Torres emphasized:
"Nothing has changed – and the parties hardly deny that."
She affirmed: The trial court cannot overturn its own decision while the case is under appeal, unless it follows the proper procedures established by Congress.
✅ Earlier, on March 19, 2025, the SEC withdrew its appeal, Ripple CEO Brad Garlinghouse declared this a "resounding victory" for Ripple and the crypto industry.
📌 In the joint proposal:
$50 million to be paid to the SEC
The remaining $75 million will be refunded to Ripple (pending court approval)
🎯 The Ripple vs SEC case is entering its concluding phase but remains a legal focal point for the entire cryptocurrency market as it could set a precedent for other tokens.