- SEC-Ripple settlement motion denied over procedural missteps.
- XRP price drops following the decision.
- Settlement prospects remain, pending procedural adjustments.
The denial of the settlement motion holds significant relevance for the ongoing SEC-Ripple lawsuit, affecting Ripple investors and potentially influencing regulatory practices.
Judge Analisa Torres denied a motion filed by Ripple and the SEC due to procedural errors, not the settlement terms. James Filan, a defense attorney, highlighted the court’s reliance on procedural grounds.
The main figures in the case include Judge Torres and defense lawyer James Filan, who relayed the ruling on social media.
Ripple’s civil penalty was potentially reducible from $125 million to $50 million, with unfulfilled terms including escrow releases.
Following the denial, XRP’s market value decreased, indicating investor concerns.
Judge Torres emphasized jurisdictional restoration issues, and the failure of the joint motion to meet federal procedural requirements.
Despite the setback, both parties may refile under proper rules, potentially restoring settlement measures. Historical precedents show protracted legal battles, suggesting Ripple’s long-term market implications.
Judge Analisa Torres, U.S. District Judge, – “Parties must demonstrate exceptional circumstances to vacate a final judgment, which the joint motion failed to do.” Source
About the author
Large Dormant Bitcoin Wallets Reactivated After 14 Years
An early Bitcoin wallet containing 80,009 BTC was reactivated in July 2025, after 14 years, sparking interest and speculation in the market.
Hong Kong Launches Stablecoin Licensing to Regulate Digital Assets
Hong Kong will activate its stablecoin licensing regime on August 1, 2025, as announced by the Hong Kong Monetary Authority.
Crypto Financing in H1 2025 Surpasses 2024 Total
Crypto projects raised $10.3B in H1 2025, exceeding 2024's total funding, driven by Circle's IPO.
Microsoft Suspends 3,000 North Korean Email Accounts
Microsoft's action against North Korean IT workers to prevent a global fraud scheme highlights tech industry vulnerabilities.
Hong Kong Enhances Digital Asset Supervision and Stablecoin Licensing
Hong Kong launches a new stablecoin licensing system, aiming to become a major player in digital finance by boosting global market integration and regulation.
Türkiye Implements Stricter Crypto Regulations
Türkiye enforces cryptocurrency regulations in 2025 led by Finance Minister Mehmet Şimşek, emphasizing compliance and international alignment.
Related
Best Crypto Projects in 2025: BDAG, LTC, XRP, & ADA
Discover the best crypto projects in 2025, like BlockDAG, Litecoin, XRP, and Cardano. Learn about their unique strengths and future growth plans.
Large Dormant Bitcoin Wallets Reactivated After 14 Years
An early Bitcoin wallet containing 80,009 BTC was reactivated in July 2025, after 14 years, sparking interest and speculation in the market.
Hong Kong Launches Stablecoin Licensing to Regulate Digital Assets
Hong Kong will activate its stablecoin licensing regime on August 1, 2025, as announced by the Hong Kong Monetary Authority.
Crypto Financing in H1 2025 Surpasses 2024 Total
Crypto projects raised $10.3B in H1 2025, exceeding 2024's total funding, driven by Circle's IPO.
Microsoft Suspends 3,000 North Korean Email Accounts
Microsoft's action against North Korean IT workers to prevent a global fraud scheme highlights tech industry vulnerabilities.
Hong Kong Enhances Digital Asset Supervision and Stablecoin Licensing
Hong Kong launches a new stablecoin licensing system, aiming to become a major player in digital finance by boosting global market integration and regulation.
Be the first to leave a comment