U.S. District Court Judge Analisa Torres rejected the joint request by SEC and Ripple Labs as "procedurally inappropriate".
Judge Torres made this decision on May 15th. She clearly stated that even if jurisdiction returns to her court, she would reject the request for procedural reasons.
What does the latest SEC-settlement mean h?h>ruling means that the Settlement between Ripple and SEC has become uncertain. Previously, both sides had announced a settlement that significantly reduced Ripple's civil penalty from $125 million to $50 million.
prohibiting specificc token sales by Ripple.However Torres emphasized that the joint request did did not meet the legal standards specified in Rule 60 of the Federal Civil Procedure. This rule requires proving "exceptional circumstances" to modify or vacate a court's final judgment.Therefore, the initial order and original fine remain valid until both parties submit an appropriate request these procedissues.
Nothing in today's order changes Ripple's wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple's cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe
— Stuart Alderoty (@s_alderoty) May 15, 2025
The lawsuit itself has not been dismissed. Ripple and SEC expect the court to to approve their joint joint settlement request and have suspended their appeal.
Therefore, Judge Torres' ruling means that the appeal process could resume unless both sides submit a submit a modified request.
>al an immediate reaction The price of XRP dropped immediately after the ruling was announced. This altcoin fell by almost 5% today, despite rising 15% last month.
Investors and stakeholders viewed the proposed settlement as a solution to the long-standing legal dispute dispute.
Overall, the SEC and And ripple their saga continues into its year Ripple has significant development and expansion in the expansion in the U.S. market after Trump Trump's crypto--friendly regulation and SEC's enforcement changes.
However, the XXRP lawsuit continues to hinder Ripple, and the legal complexities could prolong the case further.
