Judge Analisa Torres rejected a joint request filed by Ripple and the SEC – a decision which now triggers deep conversations in the XRP community. Despite the two parts apparently on the same wavelength for once, the court clearly indicated it – there is no shortcut with regard to justice.
Let us decompose what happened and why the judge blocked their attempt to progress quietly.
Joint dry ripple motion rejected
Ripple and the SEC, which fought in court for years on the legal status of XRP, have recently joined forces to ask the Torres judge to approve two key modifications of their case: first delete the longtime injunction, and second reduces the Ripple penalty by $ 125 million to $ 50 million.
While demand surprised a lot, it was considered a joint attempt to conclude things early and properly.
However, the judge was not on board. She denied the request, declaring that she could not comment or cancel part of the final judgment when the appeal is still active
Essentially, she clearly said: “You cannot erase a final judgment simply because you are now a friend.”
Why Judge Torres said no
Ripple and the SEC tried to use a legal option rarely granted under rule 60 (B) (6), which allows modifications of a final judgment in extraordinary cases. But Judge Torres rejected this, stressing Ripple’s previous behavior – deliberate violations of securities, continuous misconduct and lack of responsibility.
In his words, Ripple had not shown any convincing sign to change, and the existing injunction was always necessary to protect investors.
She clearly indicated that the shortcuts will be authorized while the case is still on appeal.
Citing a previous decision of the United States Supreme Court, Judge Torres reminded the two parties that a final decision of the court belongs to the legal system, not only to those involved. The courts are not convenience tools and legal decisions cannot be erased discreetly even when the two parties want to move on.
Speculation on the Ripple Dry allies?
XRP supporters raise a more important question: why did Ripple and the dry suddenly act as allies? Some believe that the two parties are preparing for something larger – a major change in the way digital assets will be used worldwide.
With the launch of the stablecoins, the digital currencies of the central bank emerge and even the ETF XRP applications in progress in Canada and Asia, the time of this legal decline is important.
With the request rejected, the judge’s message is clear: the regulations must occur in the open air and the legal shortcuts will not be tolerated.
