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Judge Analisa Torres refused to settle $ 50 million between Ripple and SEC that would dissolve a permanent court order blocking institutional sale XRP.
June 26 ruling It maintains Ripple’s business restrictions indefinitely, although both parties agree to reduce the original $ 125 million by $ 60%.
#Xrpcommunity #Secgov against. #Of the wave #Xrp Breaking: Judge Torres denied the proposal for parties for an indivative decision. pic.twitter.com/9amhgcqusu
– James K. Filan
(@Filanlaw) June 26, 2025
Torres decided that the parties did not show the “exceptional circumstances” needed to release the final judgment and stressed that the public interest in the recovery of securities outweighs the private settlement agreements.
The decision means that XRP remains legally limited from institutional sales, while retail trading will not constantly touch.
Four years of legal war reaches another blind end
The SEC started an investigation by Ripple in December 2020 and claimed that the company had made an unregistered securities of $ 1.3 billion through XRP sales.
The case fundamentally questioned whether XRP represents safety or commodity under federal law, with consequences for the entire industry of digital assets.
Torres added a Distribution of distribution in July 2023 This became the most amazing decision of the crypto law.
Dates of court proceedings set for SEC against Ripple Labs in the southern district of New York
Judge Analisa Torres, which solves the civil case of the US @ Laboratories intend to initiate a lawsuit for the second quarter of 2024.#Cryptonews https://t.co/lmdpbvija3
– Cryptonews.com (@cryptonews) 10th August 2023
She found that institutional sales of XRP violated securities laws, while sales of retail exchange did not meet the investment contract criteria under the Howey test.
This fine decision was imposed by a standing order that prevents Ripple from Sales XRP on an institutional buyer, while allowing continued retail market operations.
The court also chose a civic sentence of $ 125 million, which Both parties subsequently appealed.
However, the contract for the settlement of May 2025 offered both parties forward.
According to the proposed agreement, Ripple would pay $ 50 million In exchange for $ 75 million from the original fine, SEC requires the removal of the court order for institutional sales.
@ settled with @SecgovHe agrees to pay a fine of $ 50 million and abandon his cross defiance, which means almost the conclusion of the long -term court.#WITH #Crypto #Of the wavehttps://t.co/txqddcnn0g
– Cryptonews.com (@cryptonews) March 25, 2025
The agreement seemed to offer mutual relief but Torres rejected this arrangement “procedurally incorrect“And he criticized both parties for not justifying the restriction by the court.
Furthermore, it noted that the change of SEC policies, according to Trump’s administration, is not exceptional circumstances because its court has already found a violation of securities.
Contrasting wealth in the new regulatory era of Trump
Ripple’s prolonged legal struggle stands in sharp contrast with the rapid solution of other important cases of SEC in 2025.
The regulator canceled the coercive measures against Coinbase, Cumberland drwand GeminiWhen closing the UNISWAP, Opensea and Robinhood Crypto without tracking fees.
These releases are part of a wider shift in SEC policy under the reigning chairman Mark Uyeda and incoming President Paul Atkinswho prefer regulatory clarity over access to law enforcement.
– Cryptonews.com (@cryptonews) April 25, 2025
The retreat of the agency from several cryptological cases has evoked optimism about multiple collaborative control framework.
However, the Ripple situation remains uniquely complicated by existing judicial findings of securities violations.
Institutional sales restrictions are constantly limiting the opportunity to develop Ripple’s business, especially in partnership with banks and financial institutions that were central to the company’s original strategy.
Meanwhile, SEC faces ongoing criticism for maintaining positions in the area of enforcement that seems to be contrary to its wider development of politics.
However, whether the ripple will benefit from a similar regulatory amnesty widespread to another company crypto remains uncertain. Unlike companies that have settled before unfavorable decisions, the company must find a way to overturn the final judgment determined by the institutional sale of XRP, violated the Federal Act.
Contribution Ripple settlement denied as a judge Torres refuses to agree $ 50 million, institutional sales of XRP remain limited He appeared for the first time Cryptonews.
