The court did not support Ripple and the SEC in the fine issue
Date: 2025-06-27 Author: Gabriel Deangelo Categories: BUSINESS
Analisa Torres, the judge presiding over the case between Ripple and the SEC, rejected their joint motion, in which they asked to reduce the fine and lift the ban on securities-related activities. Both parties filed this request back in April, but they failed to convince the judge.
The SEC had previously sought to ban Ripple from any activity that could violate securities laws. Torres noted that the regulator's concerns remained the same - according to her, there is no guarantee that the company will not continue potentially illegal operations if the measures are relaxed.
The court ruling emphasizes that neither the SEC nor Ripple were able to prove the existence of exceptional circumstances that would allow them to disregard the interests of society and the state. Despite this, the parties may later withdraw their complaints or re-file updated motions.
Recall that the claims against Ripple arose back in December 2020. At that time, the SEC accused the company of selling XRP tokens, which allegedly violated the rules of securities trading. This trial became one of the most resonant among the crypto community and affected the market as a whole.
The culmination of the case was the decision of Judge Torres in August 2024, when Ripple was fined $125 million. After that, both parties began to try to soften the conditions. In March 2025, the SEC withdrew its appeal, and a few days later Ripple did the same with respect to the counterclaim.
However, despite attempts to reach a compromise, the court remained adamant: the fine will remain the same, and the ban will continue to be in effect. At the moment, Ripple and the SEC have to decide whether they will take new steps or stop at the verdict already rendered.
This case remains an important precedent for the entire cryptocurrency industry. Lawyers and analysts are closely monitoring the developments, as the outcome may affect the regulation of other crypto projects in the United States. Investors, in turn, are closely monitoring the XRP rate and the market reaction to the court news.
Thus, the attempt to settle the dispute with minimal losses was unsuccessful, and the future of Ripple will largely depend on the next actions of the company and the regulator.
