In a surprising development in the Ripple vs. SEC case, Judge Analisa Torres rejected the parties' joint motion to modify the final judgment.
Private Deals Cannot Override Public Judgments
Judge Torres clarified that private agreements cannot nullify public judicial rulings established by a federal court. This ruling leaves Ripple's permanent injunction and the $125 million penalty intact.
Limited Options for Ripple and the SEC
Judge Torres offered a clear choice to both parties. If either disagrees with the court’s decision, further actions can only take place through the appeals process and not via privately negotiated revisions.
Both Parties Failed to Meet the Required Standard
The ruling indicates that both parties failed to meet the necessary conditions for altering the judgment, leaving them to decide whether to pursue appeals or accept the decision as is.
In light of Judge Torres's ruling, both parties face a choice to either continue litigation or accept the current judgment without further challenges.
