Just when XRP holders thought the storm was settling… BOOM. A new legal thunderclap shakes the Ripple vs. SEC saga.
Earlier this month, Ripple and the SEC tried to rewrite history — proposing a revised settlement that would slash Ripple’s fine from $125M to $50M, and lift restrictions on future activity. A neat, tidy ending?
Not so fast.
Judge Analisa Torres slammed the brakes, rejecting the joint request outright. Why? Not just a procedural hiccup — but what a former SEC attorney called a “significant substantive problem.”
Translation?
The court isn’t buying the shortcut. If Ripple and the SEC want a lighter sentence, they’ll have to earn it — with solid legal justification.
The fallout:
The $125M fine stands.
The injunction still binds Ripple.
And the case remains open.
Meanwhile, XRP holders wait... and wonder.
Where’s the corrected filing? Why the silence?
It’s been over a week — and the courtroom is as quiet as a blockchain block with no miners.
One thing’s clear:
This isn’t just a lawsuit. It’s a high-stakes chess match.
And right now? It’s Ripple’s move — under heavy pressure.
Stay sharp. The next twist could change everything.
