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Ripple (XRP) vs SEC: Legal Expert Sets the Record Straight on Judge Torres Ruling
Following Judge Analisa Torres’s decision to reject the joint motion from Ripple and the SEC, there has been an outpouring of misinterpretation about what this means for the ongoing case. However, Bill Morgan, a renowned legal expert, has stepped in to clarify the true implications of this ruling.
Morgan emphasized that Judge Torres did not refuse to weigh in on penalties; instead, she made it clear that the court will not alter a final judgment simply because both parties requested it, and they failed to provide exceptional circumstances required for such a ruling. This crucial distinction is often overlooked in the mainstream narrative surrounding the case.
The ripple effect of this decision has left many market participants wondering what the next steps could be for Ripple and the SEC. Morgan revealed that Judge Torres’ rejection of the joint motion has formally ended the current attempt at resolving the penalty terms outside of the appellate process.
As a result, Ripple and the SEC now have two viable paths forward. They can either proceed with their appeals to challenge specific aspects of the judgment or choose to drop their appeals and accept the court’s existing ruling.
It is essential to note that there is no longer any open-ended settlement discussion left within the district court regarding penalties or injunctions.
The legal expert also highlighted that Judge Torres had already ruled on penalties in her earlier final judgment from August 2024, further solidifying his stance.
Source: timestabloid.com
