On June 26, 2025, Judge Analisa Torres denied the joint motion from Ripple Labs and the SEC to terminate their case in the Southern District of New York. This decision holds significant consequences for both Ripple and the XRP market.
Judge Torres's Decision
Judge Analisa Torres denied Ripple's request to amend penalties, maintaining the initial $125 million penalty. The ruling prevents an early dismissal of the case and extends the litigation process. Ripple sought to reduce payments to the SEC and reclaim funds, but the court's rejection continues to hinder their financial and business strategies.
Implications for Ripple and XRP
The court's ruling forces Ripple to face new legal challenges, including a permanent injunction against XRP institutional sales, leading to market volatility. XRP lost $2 billion in market capitalization, highlighting the immediate impact on its price. Broader financial repercussions include restricted institutional funds and curtailed crypto business avenues.
Overall Conclusions and Future of the Case
Currently, the SEC's appeal remains paused, and a resolution is anticipated in mid-August. Market and regulatory outcomes depend on future court interpretations, influencing other crypto-related legal frameworks. The ongoing case reflects the complexities of U.S. securities law in the cryptocurrency sphere.
Thus, the denial of Ripple's motion to terminate the case signifies ongoing legal complications for the company and may have significant implications for market conditions for XRP and other cryptocurrencies.
