27.06.2025 18:50

Judge Analisa Torres, presiding over the Ripple-SEC case in the Southern District of New York, has definitively rejected a joint request from both Ripple and the Securities and Exchange Commission to alter the original ruling. This decision maintains the $125 million penalty against Ripple and keeps in place the injunction on its institutional XRP sales.

The joint motion, a surprising collaboration between the two opposing parties, aimed to significantly reduce the penalty to $50 million and lift the injunction restricting Ripple's institutional XRP sales. Their argument centered on a desire for a more favorable settlement and cited other recent SEC cases where enforcement actions were dropped.

However, Judge Torres found these arguments insufficient to warrant a change to her prior decision. She determined that the original concerns regarding potential future violations of federal securities laws by Ripple remained unaddressed. Consequently, the court saw no compelling reason to overturn its earlier judgment, leaving the $125 million penalty and the injunction firmly in place.

This resolute stance from the court represents a significant setback for Ripple, despite their attempt at a mutually agreeable resolution with the SEC. The original ruling stands, solidifying the implications of the case for the broader cryptocurrency industry and the ongoing regulatory scrutiny surrounding digital assets. The court's decision highlights the enduring concerns about Ripple's past practices, even with the surprising joint appeal from both parties involved. This outcome will undoubtedly shape future legal challenges in the cryptocurrency space.