TLDR
- Due to procedural issues, the court has blocked the proposed $50 million settlement in the Ripple vs. SEC case.
- Judge Analisa Torres ruled that the filing lacked the exceptional circumstances required under Rule 60.
- The decision delayed a resolution that both Ripple Labs and the SEC had agreed upon.
- Ripple’s previous legal victories, including the fact that XRP is not a security, remain unchanged.
- Ripple and the SEC have confirmed their continued commitment to resolving the case.
The Ripple vs. SEC case took a new turn after the court rejected a proposed $50 million settlement on procedural grounds. Judge Analisa Torres misruled on the motion filed under Rule 60, citing no exceptional circumstances to justify such relief. This decision stalled the agreement that both parties supported in deciding their legal standoff.
Despite an agreement between Ripple Labs and the SEC, the court emphasized that jurisdiction had not returned for final judgment. The judge’s procedural concern prevents the motion from moving forward in its current form. Ripple vs. SEC faces additional delays as both sides regroup to meet legal requirements.
Ripple Labs aimed to reduce its penalty from $125 million to $50 million, aligning with the SEC’s evolving stance on crypto oversight. However, at least temporarily, the court’s ruling blocks that compromise and signals further procedural steps are needed. Ripple vs. SEC continues to shape the broader regulatory landscape for digital assets.
Ripple vs SEC Heads Back to Court
Ripple maintains that previous court rulings in its favor still hold despite this new procedural setback. XRP remains classified as a non-security for secondary market sales, and the SEC has not disputed this finding. Ripple vs. SEC focuses on the legal nature of specific contracts rather than XRP itself.
#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” pic.twitter.com/4s95ILvzsy
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 15, 2025
The company’s Chief Legal Officer confirmed that both parties are committed to ending the dispute efficiently and lawfully. While the rejected settlement delays that resolution, no prior victories have been reversed or weakened. XRP vs. SEC lawsuit remains a critical reference point for ongoing crypto legal interpretations.
The court did not challenge prior determinations on XRP’s classification or Ripple’s partial legal success in earlier stages. Rather, the denial addressed only how the cross-appeal dismissal was structured under legal procedure. Ripple vs. SEC will now proceed with revised filings that comply with court expectations.
XRP Price Reacts to Court’s Decision
Following the court’s action on May 15, XRP’s value declined to $2.43, reflecting uncertainty after initial optimism. XRP had climbed over 23% from May 8 to May 14, reaching above $2.60 before reversing. Ripple vs. SEC developments significantly influence XRP’s price trends and trading behavior.
The rejection has amplified market volatility, as traders reassess timelines and potential outcomes in the legal process. With no immediate resolution, XRP’s price may remain sensitive to updates from the ongoing court proceedings. Ripple vs. SEC continues to impact market sentiment across the broader digital asset space.
Though Ripple and the SEC remain aligned on settlement terms, further court approval will be necessary to finalize the agreement. Both parties must return with a corrected filing to satisfy the procedural objections. XRP vs. SEC lawsuit remains unresolved but is moving toward a legally binding outcome.
