Judge Analisa Torres recently denied a joint motion by Ripple and the SEC regarding a proposed settlement, impacting the case and the XRP market.
Judge Rejects Ripple and SEC Settlement
Judge Analisa Torres denied a joint motion from Ripple and the SEC on May 15-16, 2025, which sought court approval for a settlement that would reduce Ripple's penalty by 60%.
The court's rejection was due to procedural issues. The motion, filed in early May, did not comply with Rule 60, which addresses modifications of final court decisions. Judge Torres stated that "even if it had the power to decide on the matter right now, it would reject the request because it didn't follow the correct legal process."
Denial Extends Uncertainty for XRP Investors
The denial leads to prolonged uncertainty for XRP, further affecting its market dynamics. Investors remain cautious due to the lack of resolution in the ongoing legal case.
The procedural focus of the refusal delays financial relief for Ripple. Negotiations may continue, but substantial obstacles remain before any agreement is formalized. This development suggests that while Ripple and the SEC have reached a settlement agreement in principle, the legal process required to implement this agreement will take additional time and potentially require revised filings.
Historical Precedents Stress Procedural Integrity
Historically, similar SEC cases have focused on procedural integrity. Ensuing decisions often reflect strict adherence to regulatory frameworks, echoing past cases.
Potential outcomes include continued litigation or revised filings. Analysis of trends suggests lasting impacts on Ripple’s strategic decisions and broader investor behavior.
The judge's denial highlights the complexity of the legal process Ripple faces and its implications for XRP investors awaiting stability.
