🚨BREAKING: JUDGE TORRES DENIES RIPPLE–SEC SETTLEMENT MOTION — HERE’S WHAT JUST HAPPENED šŸ‘€āš–ļø The highly anticipated SEC v. Ripple case just took a dramatic twist — and not the one XRP holders were hoping for. COURT SAYS: ā€œMOTION DENIED.ā€ āŒ • Judge Analisa Torres DENIED the joint Ripple–SEC request for an ā€œindicative ruling.ā€ • That motion aimed to dissolve the injunction and reduce Ripple’s $125M penalty to $50M. • Why? Because the motion was deemed ā€œprocedurally improper.ā€ Quote from the judge: ā€œIf jurisdiction were restored to this Court, the Court would deny the parties’ motion.ā€ WHAT THIS MEANS (FOR NON-LAWYERS) 🧠 • Ripple & the SEC tried to pre-agree on changes to the penalty and injunction • But since the appeal is already at the Second Circuit, this Court no longer has jurisdiction • The judge made it clear: even if she had jurisdiction, she wouldn’t approve it — not like this WHAT NOW? NEXT STEPS šŸ”„ • Ripple and the SEC must now appeal to the Second Circuit formally • Only after a remand (legal return of the case to Judge Torres) can this issue be re-addressed • Delays are likely, but this does not invalidate the proposed $50M penalty — it just can’t move forward yet MARKET REACTION? STILL PROCESSING šŸ“‰šŸ“ˆ • XRP dipped briefly on confusion, but analysts say long-term bullish structure remains intact • The settlement terms still stand — just delayed, not dead • This is a procedural block, not a rejection of the deal itself THE REAL TAKEAWAY šŸ’” This is a legal hiccup — not the endgame. It’s a reminder that in crypto law, the process matters as much as the outcome. Now we wait for the Second Circuit to act. How do YOU see this playing out? Bullish delay or bearish signal? Drop your thoughts below! šŸ‘‡šŸ”„ #XRP #Ripple #SEC #Crypto #XRPCommunity #XRPArmy #Altcoins
Show original
236
58.02K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.