Just when it seemed that Ripple dry case approached the end of their long -standing legal battle, judge Analisa Torres decided to wait. She officially denied a joint request made by Ripple and the dry to obtain early comments on a proposed regulation of $ 50 million.
She said, “Come back at the end of the call.”
So what exactly does that mean?
Why did the judge say right?
On June 26, Judge Torres responded to a joint request by Ripple and the SEC, in which the two parties had asked for an “indicative decision”. Basically, they asked her for an overview – a first opinion on the question of whether she would agree to change the final judgment once the case returns from the appeal.
Consequently, she rejected the request, saying that she could not comment on the penalties when the case is still on appeal.
Thus, although the judge’s decision may look like a setback, it does not change anything in the legal position of Ripple or modifies the legal status of XRP.
Why is not as bad as it seems
Despite the initial concerns of the XRP community, legal experts call for this short -term “Fud” (fear, uncertainty and doubt). Here is why:
No new penalty has been issued – The current debate between a fine of $ 50 million and $ 125 million remains unresolved.
XRP’s legal status remains intact – Judge Torres 2023 ruling that XRP is not security in secondary sales.
Rules always on the right track – Ripple and the dry are still jointly ranking, which is generally a good sign of mutual progress.
What comes next?
The case is now waiting for the appeal process to end, after which Judge Torres can officially render his decision on penalties.
Meanwhile, all eyes are now on August 15, 2025 – the date on which the dry should file its situation report, which could shape the next stages of the Ripple trial.
The XRP price drops by 4%
After the news, the price of XRP fell 4% in the last 24 hours, currently negotiating around $ 2.13. Its market capitalization is now 125.76 billion dollars. Meanwhile, the 24 -hour negotiation volume also dropped by 6%, adjusting almost 2.66 billion dollars, showing a slight drop in market activity after the court’s decision.
