Judge Torres Blocks Ripple–SEC Deal, XRP Case Heads for Prolonged Appeals
- Judge Torres rejected Ripple–SEC motion to end the case early and reduce the penalty.
- Institutional XRP sales remain barred under current injunction.
- SEC must file the next update by August 15, 2025.
On June 26, 2025, U.S. District Judge Analisa Torres rejected a joint motion from Ripple Labs and the Securities and Exchange Commission (SEC) that sought an “indicative ruling” to dissolve Ripple’s permanent injunction and cut its civil penalty. The court filing, Document 989 in case 1:20-cv-10832, confirmed that the request was denied in full.
The decision halts an agreement reached in May 2025 between Ripple and the SEC, which aimed to reduce Ripple’s $125 million civil penalty by 60% and end litigation without further appeal. The deal depended on Judge Torres signaling she would vacate the existing judgment if the parties returned to court.
What Does This Mean for Ripple?
With the court’s refusal, Ripple remains barred from institutional XRP sales. The 2023 summary judgment found that Ripple’s direct XRP sales to institutional investors violated the Securities Act, though it ruled that programmatic exchange sales did not.
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Judge Torres Blocks Ripple–SEC Deal, XRP Case Heads for Prolonged Appeals
- Judge Torres rejected Ripple–SEC motion to end the case early and reduce the penalty.
- Institutional XRP sales remain barred under current injunction.
- SEC must file the next update by August 15, 2025.
On June 26, 2025, U.S. District Judge Analisa Torres rejected a joint motion from Ripple Labs and the Securities and Exchange Commission (SEC) that sought an “indicative ruling” to dissolve Ripple’s permanent injunction and cut its civil penalty. The court filing, Document 989 in case 1:20-cv-10832, confirmed that the request was denied in full.
The decision halts an agreement reached in May 2025 between Ripple and the SEC, which aimed to reduce Ripple’s $125 million civil penalty by 60% and end litigation without further appeal. The deal depended on Judge Torres signaling she would vacate the existing judgment if the parties returned to court.
What Does This Mean for Ripple?
With the court’s refusal, Ripple remains barred from institutional XRP sales. The 2023 summary judgment found that Ripple’s direct XRP sales to institutional investors violated the Securities Act, though it ruled that programmatic exchange sales did not.
Related : Ripp…
The post Judge Torres Blocks Ripple–SEC Deal, XRP Case Heads for Prolonged Appeals appeared first on Coin Edition.
Read More
Ripple CTO to Launch ‘Independent’ XRPL Hub With Enterprise-Grade Specs