U.S. District Judge Analisa Torres ruled on June 26 that Ripple Labs cannot dissolve a court-imposed injunction or reduce its $125 million civil penalty stemming from the sale of XRP.
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Court Denies Ripple-SEC Push to End XRP Case—Judge Keeps Ruling Intact
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The District Court upheld the injunction prohibiting Ripple from selling XRP to US institutional investors and left the $125 million penalty intact, rejecting the parties’ attempt to modify the judgment
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Ripple and the SEC’s joint motion proposed a post-judgment settlement to reduce Ripple’s $125 million penalty to $50 million and vacate the injunction restricting institutional XRP sales
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