Legal reasoning and authority

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Judge Torres acknowledged the SEC’s authority to revise enforcement policy but ruled that such shifts do not permit nullifying a judgment once statutory violations have been legally established and penalties imposed

The District Court reiterated that Rule 60(b) sets a high legal threshold for altering final judgments and found that neither Ripple nor the SEC presented the exceptional circumstances required for such relief

Judge Torres rejected the notion that Ripple and the SEC could override a final court ruling through mutual agreement, emphasising that courts, not litigants, determine when a legal violation justifies injunctive relief and penalties

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