XRP Lawsuit: Judge Denies SEC Motion

Judge Denies Ripple and SEC’s Motion in XRP Lawsuit

• Judge Analisa Torres denied the request for an indicative ruling in the XRP lawsuit.
• The court found the motion “procedurally improper” under Federal Rule of Civil Procedure.
• The request aimed to vacate parts of the final judgment, including civil penalties.
• Relief from judgment requires “exceptional circumstances,” which were not demonstrated.
• Ripple’s Chief Legal Officer confirmed procedural concerns, not affecting prior rulings on XRP’s status.
• XRP is trading at approximately $2.4, down over 4% in the last 24 hours.

Judge Torres’ denial highlights procedural issues with Ripple and SEC’s motion, requiring them to refile under correct legal frameworks while maintaining prior rulings that XRP is not a security. The cryptocurrency’s price reflects ongoing market volatility.