Judge Analisa Torres issued a ruling rejecting the joint request from the SEC and Ripple to amend the judgment issued in August 2024, which imposed a $125 million fine on Ripple and requested a reduction to $50 million, citing the failure to follow the correct federal procedural rules.
Both parties are expected to resubmit their request in a proper legal format, which may slightly prolong the litigation process without halting the underlying settlement path.
2. The impact of the ruling on the price