The judge of the analysis Torres rejected the joint application of Ripple and the US Securities and Exchange Commission (SEC) on a decrease in the fine and canceling the trial.
🚨Just in: Judge Torres Has Denied @Ripple And the @Secgov Joint Motion for an Indicative Ruling. pic.twitter.com/ipzd4amg1h
– Eleanor terrett (@eleanorterrett) June 26, 2025
The parties submitted a document in April.
Earlier, the commission requested a lawsuit for Ripple on the activities related to securities, Torres emphasized. The regulator was afraid that the company would continue potentially illegal activities.
The judge added that the parties did not present “exceptional circumstances” that would outweigh public and state interests. According to Torres, Ripple and SEC can withdraw their appeals or submit a new one.
In December 2020, the regulator accused the company of violating the legislation on securities for the sale of XRP. The proceedings became one of the most discussed in the industry.
In August 2024, Torres issued a final decision on the case, fining Ripple $ 125 million.
On March 19, 2025, the SEC revoked an appeal against Ripple, and a week later the company lifted the oncoming claim.
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Source: Cryptocurrency
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