TLDR:
Ripple-SEC joint request denied, keeping $125M penalty and injunction intact.
Court says parties can’t undo a ruling without meeting exceptional conditions.
Ripple now must choose between dropping or continuing its legal appeal.
Retail XRP trading remains unaffected despite institutional sales ruling.
A recent decision by a federal judge has halted Ripple and the SEC’s $50 million attempt to revise their earlier settlement agreement. The court’s refusal to ease the judgment terms keeps Ripple’s legal battle active and unresolved for now.
The ruling also leaves Ripple’s existing permanent injunction intact, denying efforts to erase the previous violation. This development complicates a case that has already drawn wide attention in the crypto industry.
Ripple now faces a critical decision on whether to drop its appeal or continue contesting the court’s prior ruling.
Court Denies Joint Motion, Maintains Penalty
U.S. District Judge Analisa Torres in Manhattan declined the unusual request by both Ripple and the SEC to revise the court’s earlier judgment.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has denied the parties’ Motion for an Indicative Ruling. pic.twitter.com/9AMhGcQUsU
— James K. Filan 
(@FilanLaw) June 26, 2025
The joint motion, filed in March, aimed to reduce Ripple’s $125 million fine to $50 million and drop the permanent injunction against future violations. Judge Torres made it clear that parties cannot agree to override a court’s final decision that found a violation of federal securities law.
She stated that exceptional conditions must be met to justify such a move, and the parties had failed to do so. Her decision ensures that the injunction and full penalty remain in effect unless either party successfully appeals or drops the case altogether.
Following the ruling, Ripple’s Chief Legal Officer, Stuart Alderoty, addressed the decision publicly. In a social media post, he confirmed that the company is weighing two options: dismissing its appeal or continuing the challenge related to past institutional XRP sales.
With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime,… https://t.co/edHNbMzYbZ
— Stuart Alderoty (@s_alderoty) June 26, 2025
He added that XRP’s legal status for public sales remains unchanged. Alderoty described the ruling as putting the next step back in Ripple’s hands, without suggesting which path the company will take.
Ripple-SEC Appeals Remain Active
The case centers on Ripple’s sale of XRP to institutional investors, which the court previously ruled violated securities law. However, the judge had earlier found that XRP sold to the general public through exchanges did not meet that definition.
Both the SEC and Ripple initially filed appeals, though they later agreed to settle under the condition that the court ease its earlier judgment. The latest ruling denies that request.
Judge Torres clarified that her injunction was intended to prevent further violations and cannot be waived without strong legal justification.
Despite the setback, the decision does not alter XRP’s classification in secondary markets. The court’s earlier finding still holds that XRP itself is not a security when traded by retail investors. As a result, XRP’s market activity and general usage remain unchanged.
The ongoing legal uncertainty may continue to influence Ripple’s operations and broader crypto industry oversight. However, retail investors can still trade XRP without regulatory concern under the current ruling.
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