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Ripple (XRP) vs SEC: Legal Expert Sets the Record Straight on Judge Torres Ruling
The recent ruling by Judge Analisa Torres has sparked intense debate among cryptocurrency enthusiasts, with many interpreting it as a procedural delay. However, legal expert Bill Morgan has come forward to set the record straight, clarifying the true implications of the decision.
According to Morgan, Judge Torres did not simply defer penalties or refuse to consider new penalties, but rather made a definitive ruling on the proposed settlement terms. The attorney emphasized that this was not just another delay, but rather a final verdict on the proposed changes to penalties and injunctions.
Morgan highlighted that previous legal interpretations had mistakenly presented the judge’s decision as merely procedural in nature, ignoring the fact that she had already ruled on penalties back in August 2024. This misunderstanding has led many to believe that the settlement process remains open, which is simply not the case.
The expert explained that Judge Torres’ refusal to modify a final judgment is not an unusual occurrence and does not signal any reconsideration of the original penalty amounts or terms. Instead, it signifies the court’s stance on rejecting proposed modifications and the lack of exceptional circumstances justifying such a change.
This ruling means that Ripple and the SEC now have two clear paths forward. They can either proceed with their appeals to challenge specific aspects of the judgment or accept the current ruling in its entirety. Unfortunately, there is no longer an opportunity for further negotiations regarding penalties or injunctions within the district court.
Morgan’s clarification offers a crucial corrective to prevailing misconceptions and highlights the gravity of Judge Torres’ decision. As Ripple and the SEC move forward, it remains essential for investors to stay informed on the latest developments in this ongoing legal battle.
In conclusion
Source: timestabloid.com
