Ripple Stuck With $125 Million Penalty as Judge Denies XRP Settlement With SEC

American District Judge Analisa Torres rejected a proposal from Ripple Labs -ai Commission for Securities on Thursday, refusing to reduce a fine of $ 125 million or throw out a ban on imposed against Xrp-A compound company last year.

Her decision comes less than two weeks after Sec and ripple have been requested That the court lowers the civilian sentence for illegal sales of XRP at $ 50 million – which is less than $ 2 billion in demand under former chairwoman Gary Gensler – and eliminates restrictions on Ripple’s property sale ability.

In his five -page order, Torres cited the “convincing case” built by the sec for four years, claiming that Ripple offered and sold XRP investors as unregistered security. Although Ripple’s so -called Program sales XRP did not violate the law, Torres revealed in 2023 that Ripple’s sale of institutions had been guaranteed a “significantly reduced” fine.

Torres found Ripple and the latest SIC latest arguments, saying that although SEC has the power to change the course after the executive action is initiated, Ripple can no longer agree that it is no longer “bound by the final judgment of the court that the party has violated” the law.

CEO RIPPLE STUAT ALDEROTY CEO said On X, sometimes Twitter, that “the ball returned to our judgment.” The company may decide to hold its appeals, but “in any case, the legal status of an XRP that is not security remains unchanged,” he added.

A spokesman for the crack Decipher to Alderoty’s x post.

Although SEC hit the crypto tone under US President Donald Trump, with a regulator leaving Several high cases, Torres emphasized that logic is supported by her decision in the SEC case against Ripple has not changed in the last six months.

“None of that has changed – and the parties are hard to pretend to be,” she said. “However, they now claim that it is in public interest to reduce the civil punishment by sixty percent and leave the permanent ban enrolled less than a year ago.”

Torres’ verdict emphasizes that Gensler’s sec could have a lasting impact on the crypto industry, despite the efforts of Republicans to return what critics say that regulation is implementing. The lawsuit was first launched under the then chairwoman Jay Clayton, Trump’s candidate.

Torres noted that SEC had rejected other crypto cases “before the court established a violation of the Federal Laws on Securities”, making its case against Ripple relatively different.

The XRP changed about $ 2.12 on Thursday, which is an increase of 3.7% in the last day, said the data provider Co ringecko. Over the past year, XRP has increased 347%, partly due to the fact that SEC no longer represents an existential threatexperts say.

Alderoty said in October Decipher that the company was Ready to fight Sec in the Supreme Court if necessary. But I.In her verdict, Torres noted that SEC and Ripple could also “complete this litigation today if they decided to withdraw these complaints.

Edited by James Rubin