Just as the 4-year legal battle neared its end, Judge Analisa Torres threw a curveball: she rejected Ripple and the SEC’s joint proposal to slash Ripple’s $125M fine to $50M and lift court restrictions.
🧑⚖️ Judge Torres called the filing “procedurally improper” and said the public interest wasn’t fully addressed.
Crypto attorney John Deaton believes this is a clear message to the SEC:
“You need to do more than show up. Convince me.”
Had the motion passed, Ripple would’ve regained access to funds and ended the appeals. Now? The case is still alive.
⚖️ Reminder: XRP’s exchange sales were not securities, but direct institutional sales were, per a previous court ruling.
Ripple’s legal head says the delay is just procedural and doesn’t affect earlier wins.
💸 XRP is holding strong at $2.44.
#Ripple #XRP #SEC #CryptoLaw #DeFi
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