๐จ *BREAKING: Judge Torres has officially REJECTED the joint motion filed by Ripple and the SEC* โ๏ธ๐ #XRP
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๐ง What happened:
Both *Ripple and the SEC* recently filed a *joint motion* asking the court to bring the legal battle to a quicker resolution. Judge *Analisa Torres* has *denied* that motion, meaning the *case will continue* โ no early closure.
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๐ Why this matters:
โ *No fast-tracking*: The rejection signals that the court wants to *fully process remaining issues*, possibly including final remedies like penalties or conduct-related decisions.
โณ *Extended timeline*: This likely *delays full resolution*, dragging the case *deeper into 2025* or beyond. Not what bulls wanted.
โ๏ธ *Judicial caution*: Judge Torres may want to *ensure fairness and completeness* in judgment โ especially given how important this case is as a legal precedent for crypto.
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๐ Market Reaction:
๐ *Short-term uncertainty*: XRP may dip or trade sideways as traders react to delays in clarity.
๐ *Volatility spike*: Expect swings in price based on headlines or leaks as proceedings continue.
๐ *Long-term thesis unchanged*: Ripple still holds a *partial legal win* (XRP not a security in secondary sales). This doesnโt reverse that โ just slows the final closure.
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๐ฎ Whatโs next?
๐งพ *Further court filings* around penalties or remedies likely.
- ๐ Ripple could still settle at a later stage.
- ๐ฅ Any new developments (appeals, enforcement) could *impact XRP price massively*.
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๐ง Final thought:
Not the bullish catalyst XRP holders hoped for โ but not a disaster either. Just a *legal delay*, not a defeat. This case is still one of the most important legal battles in crypto. Stay sharp. ๐ง ๐โฑ๏ธ
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