Judge Analisa Torres denied a joint motion by Ripple and the SEC to modify an injunction and reduce Ripple’s penalty, blocking a negotiated resolution in June 2025

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July 26, 2025

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This decision follows Judge Torres’ June 26 ruling, which denied the parties’ attempt to modify the injunction and reduce Ripple’s penalty. That rejection blocked the path to a negotiated resolution.

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07/26/2025
Week 30 of 2025

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Appeals & negotiations

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