$BTC

Latest Legal Developments

Judge Analisa Torres issued a ruling rejecting the joint request from the SEC and Ripple to amend the ruling issued in August 2024, which imposed a $125 million fine on Ripple and requested to reduce it to $50 million, citing the failure to follow the correct federal procedural rules.

The parties are expected to refile their request in a proper legal format, which may slightly prolong the litigation process without halting the core settlement path.

2. Impact of the Ruling on XRP Price

Following Judge Torres' ruling, the price of XRP dropped by about 4.6% to $2.43, weakening the expectations of breaking the $3 level in the near term.

Technical analysis indicates that surpassing the resistance level at $2.50 could open the door for a subsequent recovery wave.

3. Context of Potential Settlement

On May 8, 2025, the SEC and Ripple announced a preliminary agreement to suspend the lawsuit and negotiate a final settlement, but the recent ruling shows that there are procedural challenges that need to be addressed before it is finalized.

This settlement will define the regulatory framework for classifying digital assets in the United States, particularly the distinction between institutional sales of XRP (considered securities) and retail trading (not classified as securities).