The judge overseeing the Ripple-SEC lawsuit just threw a wrench in the works. Both Ripple and the SEC wanted the case wrapped up early, but their request got shot down. This means the legal battle continues.
A Settlement, But Not Quite Over
Back in March 2025, Ripple and the SEC seemed to have reached a deal: Ripple paid a $50 million fine (down from a proposed $125 million), and the SEC dropped its appeal. It looked like the end.
But the judge said, “Not so fast!” She explained that private agreements can’t just ignore court procedures. The court’s decisions are important for everyone, not just the parties involved. The judge made it clear that any resolution has to follow the rules.
What Happens Now?
The judge gave Ripple and the SEC two choices:
- Let the judgment stand: Withdraw their appeals and accept the court’s decision.
- Appeal the decision: Go through the appeals process to challenge the ruling.
XRP Price Takes a Dip
Following the judge’s decision, the price of XRP, Ripple’s cryptocurrency, took a hit. It dropped 4% in 24 hours, falling to $2.14. While this is a recent dip, XRP is still up a whopping 350% year-to-date, outperforming many other major cryptocurrencies.
