$XRP 📢📢📢🔊🔊🔥💹🔥

👉🧭Judge Torres Rejects Ripple-SEC Motion, Says court won't reverse Final XRP Ruling.✅

📢Judge Torres rejected Ripple and the SEC’s joint motion to vacate the XRP injunction and reduce the penalty.

The court said the settlement cannot override its final ruling and advised both parties to pursue an appeal if they want relief.

Ripple may now be forced to continue the appeals process, which could further delay the resolution of the case.

U.S. District Judge Analisa Torres has denied the joint motion filed by Ripple Labs and the Securities and Exchange Commission (SEC) seeking an indicative ruling to vacate the existing injunction and reduce Ripple’s penalty. The decision reaffirms the court’s August 2024 judgment that imposed a $125 million civil penalty and barred Ripple from selling XRP to institutional investors in the U.S.

In her latest order, Judge Torres emphasized that the proposed settlement terms, including vacating the injunction, do not override the final public judgment. She dismissed the precedents cited by both parties, noting that none involved civil penalties or injunctions like those issued in the Ripple case.

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