{"id":76347,"date":"2025-06-26T14:42:17","date_gmt":"2025-06-26T14:42:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=76347"},"modified":"2025-06-26T14:42:17","modified_gmt":"2025-06-26T14:42:17","slug":"xrp-drops-following-ripples-latest-setback-in-sec-legal-battle","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=76347","title":{"rendered":"XRP Drops Following Ripple\u2019s Latest Setback in SEC Legal Battle"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

US District Judge Analisa Torres has ruled against the SEC and Ripple in their joint motion filed earlier this year.
\nThe legal case between the two, which started over four and a half years ago, has yet to reach a conclusive end despite Garlinghouse\u2019s announcement in March.<\/p>\n

JUST IN: Judge Torres has denied @Ripple<\/a> and the @SECGov<\/a> joint motion for an indicative ruling. pic.twitter.com\/iPzD4aMG1H<\/a><\/p>\n

\u2014 Eleanor Terrett (@EleanorTerrett) June 26, 2025<\/a><\/p>\n\n

Recall that Judge Torres denied<\/a> the joint motion filed by the two in May as well and set a new deadline<\/a> for June 16 by which date Ripple and the agency had to refile by fixing all prior inconsistencies.<\/p>\n

However, the latest update on the matter is another disappointment for both sides as the Judge has rejected the joint motion for an indicative ruling.<\/p>\n

Ripple and the SEC had reached an agreement between each other, as the company had to pay a relatively minor penalty of $50 million, which is a lot less than what the agency initially sought ($2 billion) or the original ruling ($125 million).<\/p>\n

Back in March, Ripple CEO Brad Garlinghouse triumphantly announced that the lawsuit had ended after over four years. However, the case continues, at least for now.<\/p>\n

XRP\u2019s price continues to drag as it has failed to capitalize on the overall market improvement in the past few days. The asset is down by over 3% on a daily scale, and trades well below $2.15.<\/p>\n

The post XRP Drops Following Ripple\u2019s Latest Setback in SEC Legal Battle<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR US District Judge Analisa Torres has ruled against the SEC and Ripple in their joint motion filed earlier this year. The legal case between the two, which started over four and a half years ago, has yet to reach a conclusive end despite Garlinghouse\u2019s announcement in March. JUST IN: Judge Torres has denied @Ripple […]<\/p>\n","protected":false},"author":0,"featured_media":76348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76347"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76347"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76348"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}