CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-06-27 04:51:12

Why Judge Torres Said No to Ripple vs SEC Lawsuit Settlement

The post Why Judge Torres Said No to Ripple vs SEC Lawsuit Settlement appeared first on Coinpedia Fintech News Judge Analisa Torres has denied a joint motion filed by Ripple and the SEC — a move that’s now triggering deep conversations across the XRP community. Despite both parties seemingly on the same page for once, the court made it clear—there are no shortcuts when it comes to justice. Let’s break down what happened and why the judge blocked their attempt to move forward quietly. Ripple SEC Joint Motion Denied Ripple and the SEC, who have battled in court for years over XRP’s legal status, recently teamed up to ask Judge Torres to approve two key changes to their case: first remove the long-standing injunction, and second reduce Ripple’s penalty from $125 million down to $50 million. While the request came as a surprise to many, it was seen as a joint attempt to wrap things up early and cleanly. However, the judge wasn’t on board. She denied the request, stating that she cannot comment on or undo any part of the final judgment while the appeal is still active In essence, she made it clear, “You don’t get to erase a final judgment just because you’re now friends.” The ask was BIG: Cancel the permanent injunction Cut Ripple’s $125 million penalty by more than 60% Yes, Ripple and the SEC — two courtroom adversaries — came to the judge with a handshake and a proposal. But Judge Torres said: “You don’t get to erase a final… — John Squire (@TheCryptoSquire) June 26, 2025 Why Judge Torres Said No Ripple and the SEC tried using a rarely granted legal option under Rule 60(b)(6) , which allows for changes to a final judgment in extraordinary cases. But Judge Torres rejected this, pointing to Ripple’s earlier behavior—deliberate violations of securities laws, continued misconduct, and a lack of accountability. In her words, Ripple had shown no convincing sign of changing, and the existing injunction was still necessary to protect investors. She made it clear, no shortcuts will be allowed while the case is still on appeal. Quoting a past U.S. Supreme Court decision, Judge Torres reminded both parties that a final court ruling belongs to the legal system, not just those involved. Courts are not tools for convenience, and legal decisions cannot be quietly erased even when both sides want to move on. Speculation Over Ripple SEC Allies? XRP supporters raise a bigger question: Why did Ripple and the SEC suddenly act like allies? Some believe both parties are preparing for something bigger—possibly a major shift in how digital assets will be used globally. With stablecoins launching, central bank digital currencies emerging, and even XRP ETF applications underway in Canada and Asia, the timing of this legal pushback feels significant. With the motion denied, the judge’s message is clear: settlements must happen in the open, and legal shortcuts won’t be tolerated.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约