<ul><li>Ripple's Chief Legal Officer emphasized that the recent court decision does not impact XRP's classification as not a security.</li><li>The motion by Ripple Labs and the SEC for an indicative ruling was denied by U.S. District Judge Analisa Torres, citing procedural concerns.</li><li>The court found the joint request for dissolving an injunction and reducing the $125 million civil penalty as procedurally improper, requiring a higher legal standard.</li><li>Judge Torres stressed that Rule 60 relief is granted only upon a showing of exceptional circumstances, and rejected the framing of the motion as a settlement request.</li></ul>

Ripple Clarifies XRP Ruling Remains Intact After Court Denies Motion on Cross-Appeal

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