Altcoins News
By Dan Saada
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Background: Ripple and SEC Attempted to Modify $125M Penalty. Ripple and the SEC jointly filed a motion seeking to revise the final judgment in their case,…
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Lawyer Offers Two Bold Theories. Attorney Fred Rispoli took to social media platform X on June 25 to share his take on the court’s…
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What the Ruling Means for Ripple and XRP. Despite the court’s rejection, Rispoli believes the end of the legal battle may be near.
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Injunction Doesn’t Impact XRP on Secondary Markets. One point of clarity is that the court's ruling—and the standing injunction—does not affect XRP…
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Judge Torres Cites Lack of Legal Grounds. In her ruling, Judge Torres reaffirmed that neither Ripple nor the SEC presented adequate…
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Conclusion: Legal Closure Still in Sight. The Ripple and SEC motion rejection marks a symbolic moment in one of crypto’s most watched legal…
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The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) took another unexpected turn this week, as Judge Analisa Torres refused a joint…
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Ripple and the SEC jointly filed a motion seeking to revise the final judgment in their case, requesting relief from a $125 million civil penalty and a permanent injunction…
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However, Judge Torres denied the request, stating that the motion failed to present the “exceptional circumstances” required to alter a final judgment.
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Attorney Fred Rispoli took to social media platform X on June 25 to share his take on the court’s decision. He pointed to two possible motivations behind Judge Torres’ firm stance:
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“One, she was pissed that the parties wasted 4.5 years of her time with bitter litigation. This reason is 100% in play.”
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Rispoli’s first theory suggests the judge may be frustrated with the lengthy nature of the case, which began in 2020 and has seen multiple twists and high-profile statements.
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“Two, she is hostile to the Trump administration and will do what she can to throw up obstacles. This reason is 100% in play for some federal judges …”
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Rispoli’s second explanation attributes potential political bias, speculating that Judge Torres might be opposed to the Trump administration’s pro-crypto stance.
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Despite the court’s rejection, Rispoli believes the end of the legal battle may be near. He suggested that although the SEC previously signaled it might drop its appeal, the move…
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