Following Judge Analisa Torres’s decision to reject the joint motion from Ripple and the SEC, opinions quickly surfaced online about what the ruling meant. Crypto analyst CasiTrades posted an interpretation suggesting that the decision was a procedural delay. According to her, Judge Torres refused to weigh in on penalties, opting to wait until the appeal’s conclusion, with no legal changes resulting from the ruling. Bill Morgan Pushes Back Attorney Bill Morgan immediately responded , correcting that interpretation and explaining that this is not just a routine delay or a matter of timing. He reminded the community that Judge Torres had already ruled on penalties in her earlier final judgment from August 2024 . Morgan pointed out that what happened in court was not the judge refusing to preview her answer but rather a firm rejection of the proposed settlement terms designed to reduce Ripple’s fine and remove the injunction. Incorrect. She ruled on penalties a long time ago. It is not just another delay. The settlement process involving having the fine reduced and injunction removed is at an end. https://t.co/iBpW54O28G — bill morgan (@Belisarius2020) June 26, 2025 The End of This Settlement Attempt Morgan’s clarification shifts the narrative away from the idea that the settlement process remains open. He explained that the settlement effort involving renegotiating the $125 million penalty to $50 million and removing the injunction is now closed at the district court level. The court’s message was that unless Ripple and the SEC pursue further appeals or withdraw them entirely, the judgment stands . Morgan’s view highlights that this ruling formally ends the current attempt at resolving those penalty terms outside of the appellate process. Distinguishing Facts from Misinterpretation While CasiTrades pointed to the fact that XRP’s legal status remains unchanged and that no new penalties were introduced, Morgan argued that this misses the core issue. The ruling was not about deferring penalties but about refusing to modify them. Judge Torres made it clear in her ruling that the court would not alter a final judgment simply because both parties requested it, and they did not provide the exceptional circumstances required for such a ruling. Morgan emphasized that her decision was not procedural but final regarding the proposed changes to penalties and injunctions. The Path Forward Judge Torres’ rejection of the joint motion came as a shock to many market participants, as experts had expressed confidence that she would grant the motion. Ripple and the SEC now have two paths forward. They can proceed with their appeals to challenge the parts of the judgment they dispute, or they can drop the appeals and accept the court’s existing ruling. There is no open-ended settlement discussion left on penalties or injunctions within the district court. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Ripple (XRP) vs SEC: Legal Expert Sets the Record Straight on Judge Torres Ruling appeared first on Times Tabloid .
