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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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.
In August 2024, the court issued its final judgement, imposing the $125 million penalty and the injunction that prevents Ripple from selling XRP to institutional clients in the U.S.
The ruling keeps Ripple barred from selling XRP to institutional investors. It also preserves the original penalty amount imposed in the 2023 summary judgment.