The District Court’s denial of the Ripple & SEC joint motion underscored that final judgments cannot be revisited based on evolving regulatory agendas, reaffirming the judiciary’s role in preserving legal continuity amid political shifts
Claim
Quotes that support claims
Judgments cannot be determined solely by private litigation between parties.
It is also true that the SEC, like any other law enforcement agency, has discretion to change course after an enforcement action is initiated.
Torres dismissed the motion, emphasizing that final judgments must remain unless extraordinary circumstances justify relief.
Judge Torres noted that the rule, which provides for District courts to only modify judgments in extraordinary circumstances, requires strict interpretation if the justice system is to preserve the finality of judgments.
The parties must show exceptional circumstances that outweigh the public interest or the administration of justice,” Torres wrote in the ruling. “They have not come close to doing so here.
Referenced by
Broader regulatory implications
Crypto news
Data block