Ripple-SEC courtroom snafu dents XRP price rally hopes

Description

Ripple and the Securities and Exchange Commission tried to end their four-year-long legal battle with a joint request to dissolve a court injunction and slash Ripple’s penalty. District Judge Analisa Torres rejected the request.

Authors

Kyle Baird

Publish date

May 16, 2025

Publisher

DL News

Web URL

https://www.dlnews.com/articles/markets/ripple-sec-courtroom-snafu-dents-xrp-price-rally-hopes

Referenced by

The May 7 filing asked the court to signal whether it would approve a resolution to dissolve the August 2024 injunction and cut Ripple’s penalty from $125 million to $50 million. But Judge Torres rejected the move, saying the parties hadn’t used the proper legal process and failed to make the case for why such relief would be justified.

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Court rejects motion for indicative ruling on $50M Ripple-SEC settlement

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In a 2023 partial ruling, Judge Torres found that XRP was not a security in public exchange sales, but that Ripple’s direct institutional sales did violate federal securities laws.

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