Ripple and SEC case faces a shocking turn
In another twist to the years-long SEC vs. Ripple case, Judge Analisa Torres has denied the joint motion for an indicative ruling on their settlement, lawyer James Filan informed on X on May 15.
Judge Torres of the U.S. District Court for the Southern District of New York ruled that to vacate the final judgement would be “procedurally improper” since the parties didn’t file the correct procedural motion.
As earlier reported, Ripple — the blockchain and payments firm — and the Securities and Exchange Commission (SEC) filed a joint settlement on May 8.
The motion requested Judge Torres for an indicative ruling to dissolve the injunction in the Aug. 7, 2024 judgment that prohibited Ripple from “unlawful offer and sale of…
