Recent ruling from Judge Analisa Torres rejected the settlement proposal between Ripple and SEC, leading to significant changes in the XRP market.
Settlement Proposal Rejection
Judge Analisa Torres from the Southern District of New York rejected the joint motion for a settlement on May 15, 2025, citing procedural issues. This ruling maintains the existing $125 million penalty imposed on Ripple.
Impact on XRP Price
Following the court's decision, XRP prices fell by 3% as market participants assessed the implications. The decision to maintain the hefty penalty affects Ripple’s financial outlook and strategic planning.
Legal Implications and Next Steps
Ripple initially announced the lawsuit's end in March 2025, with planned procedural court revisions post-rejection. Legal experts suggest that both parties will readdress their approach to resolve the matter.
By maintaining earlier rulings, the court underscores XRP's status for retail investors, drawing attention from industry participants regarding broader sector implications.
