26.06.2025 23:15

A Manhattan federal judge has rejected a joint request from Ripple and the Securities and Exchange Commission (SEC) to modify a previous ruling in their ongoing legal battle. This decision maintains a $125 million penalty against Ripple and upholds the existing injunction prohibiting future violations of federal securities laws. The court's refusal to alter the terms of its earlier judgment leaves the case far from settled.

The SEC and Ripple had jointly sought to lessen the financial penalty to $50 million and lift the injunction. However, Judge Analisa Torres firmly rejected this attempt, emphasizing that parties cannot simply override a final court decision without demonstrating exceptional circumstances. The judge found the parties' arguments insufficient to warrant such an alteration. Consequently, the significant penalty and the injunction remain in place.

This ruling leaves Ripple facing a crucial strategic choice. The company must now decide whether to proceed with its appeal or abandon the legal challenge entirely. The outcome will have profound implications for the company and, more broadly, for the cryptocurrency industry. While the decision doesn't directly impact retail XRP trading, the persistence of the injunction continues to cast a shadow over institutional sales.

Following the judge's ruling, Stuart Alderoty, Ripple's Chief Legal Officer, issued a public statement acknowledging the court's decision. The exact contents of his statement were not available from internet sources at the time of writing, leaving Ripple’s future actions regarding the legal case uncertain. The ongoing saga highlights the complexities of navigating regulatory uncertainties within the rapidly evolving cryptocurrency market.