The judge persists and the sign. Judge Anala Torres always rejects a common request from The Securities and Stock Exchange Commission (§) and ripple on a reduction in the fine of $ 125 million and the cancellation of a court order forbidden by RIPPLE Labs on the sale of XRP. Estimated that both sides “I couldn’t come out” It will no longer be bound by the final judgment of the court. Ripple’s legal director said that “The ball was now in his camp” And that they will decide to mention this case.
- Judge Analisa Torres rejected a joint request for sec and the ripple aimed at reducing a fine of $ 125 million and canceling the court order against the Ripple Labs.
- She justified her decision by emphasizing that SEC had built a “convincing case” for four years and that both parties could not ignore the final judgment.
Judge Torres camps in his positions …
Judge Analisa Torres therefore rejected the proposal for Ripple Labs and The Securities and Stock Exchange Commission (§) a decrease in a fine of $ 125 million and the annulment of a court order imposed against the XRP company. This decision comes after SEC and Ripple asked the court to reduce the amount of a fine to $ 50 million, which is much less than $ 2 billion claimed by former President Gensler.
In his five -abrasive order biased by the press, Judge Torres quoted and “Persuasive case” that dry built for four years. She remembered that XRP program sales with so -earned so that in 2023 noted that the sale of ripples in 2023 noted “Significantly reduced”.
“None of these elements have changed”She said. “However, they (dry and ripples) now confirm that it is in the public interest to reduce civil penalty by sixty percent and cancel a permanent court order expressed less than a year ago.” »
Is Ripple derived from Judge Torres’ decision?
Ripple Stuart Alderota’s legal director said on social networks that “The ball is back in our camp”. The company may decide to maintain its call but “In any case, the legal status of XRP remains unchanged”He added.
Although the SEC has accepted the favorable tone of the cryptocurrency with President Donald Trump, Judge Torres stressed that the logic, which was the basis of its decision in the case of the potassium against Ripple, has not changed in the last six months.
In October Stuart Alderota said that society is ready to fight drought before High Court If necessary. But according to her decision, the judge stressed that dry and ripple could also “End this dispute If they have decided to download them call.
Judge Torres, therefore, rejected SEC and Ripple’s joint application to reduce a fine of $ 125 million and cancel the Ripple court order. Estimated that the dry introduced and “Persuasive case” Against Ripple and that the parties could not ignore the final judgment of the court. Ripple must now decide whether this decision is dismissed or not Which took too long.
(Tagstotranslate) Crypto