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Posted: 2025-05-16 18:40:08 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-16 18:51:31 UTC
Verified By
Rollup News
Judge Torres has denied the motion for an indicative ruling in the case between the SEC and Ripple Labs. The parties jointly requested the ruling pursuant to Federal Rule of Civil Procedure 62.1, seeking clarification on whether the court would dissolve the injunction prohibiting Ripple's unlawful offer and sale of securities and reduce the $125,035,150 civil penalty imposed on Ripple.
Motion for indicative ruling denied
Implications for Ripple's legal battle with the SEC
Uncertainty regarding the final judgment
SEC and Ripple disagreeing on settlement terms.
Ripple seeking clarity on the court's stance regarding the sale of securities.
The court's decision impacts the potential settlement and final judgment.