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TimesTabloid 2025-06-27 02:34:54

Here’s why Judge Torres Rejects Ripple (XRP) and SEC’s Joint Motion

A surprise development unfolded today in the Ripple versus SEC case, as the latest attempt by both parties to resolve their legal battle was rejected by Judge Analisa Torres . Former Fox Business journalist Eleanor Terrett responded to this development, posting a summary of Judge Torres’s message to Ripple and the SEC, following the decision to deny their joint motion seeking to modify key terms of the court’s final judgment. Private Deals Cannot Override Public Judgments Terrett explained that the Judge made it clear that private agreements cannot override a public judgment issued by a federal court. The ruling leaves Ripple’s permanent injunction in place and maintains the $125 million penalty previously imposed. Judge Torres emphasized that a court’s final judgment is not something parties can negotiate away. Her statement was direct: “The parties do not have the authority to agree not to be bound by a court’s final judgment.” Terrett also noted that the ruling underlines that judgments serve the interests of the litigants and the broader public interest. NEW: Judge Torres’s message in the ruling is that private deals don’t erase public judgments and her judgment still serves the public interest. “The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so… https://t.co/Jt5STl3nWt — Eleanor Terrett (@EleanorTerrett) June 26, 2025 We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Limited Options for Ripple and the SEC Her message also offered a clear choice to Ripple and the SEC. If either party disagrees with the court’s decision, the path forward is through the appeals process, not through privately negotiated revisions. The SEC initially asked the Second Circuit to extend the stay on the appeals to August 15 to give Judge Torres time to make her decision. Her decision may force both parties into litigation. Alternatively, they can withdraw their appeals and accept the judgment as it stands. The judge made it clear that neither side had presented circumstances that would justify altering the judgment outside of the proper legal channels. Both Parties Failed to Meet the Required Standard While most market participants assumed the judge rejected the initial filing solely because of a procedural error, the recent ruling denies the notion that the court’s previous findings are subject to negotiation. Prominent attorneys believed Judge Torres would grant the motion . But the attempt to revise those terms without fully concluding the appellate process failed to satisfy the standards required for such relief. The language of the ruling leaves little room for ambiguity. According to Terrett’s post, Torres stated that the parties “have not come close” to demonstrating the type of extraordinary circumstances needed to set aside the judgment. Now, Ripple and the SEC must decide whether to pursue their appeals in full or accept the current judgment without further challenge. 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. Follow us on X , Facebook , Telegram , and Google News The post Here’s why Judge Torres Rejects Ripple (XRP) and SEC’s Joint Motion appeared first on Times Tabloid .

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