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Ripple Sees Momentum Shift After Judge Torres Blocks SEC Request

  • Ripple gains legal edge as Judge Analisa Torres denies SEC's motion, citing procedural impropriety.
  • The SEC must collaborate with Ripple to propose a new judgment, admits prior errors, and face a high bar for any amendment.
  • Judge Torres rejects SEC's motion to reduce Ripple's civil penalty to $50 million, highlighting procedural flaws and importance of due process.
  • SEC Commissioner Caroline Crenshaw opposed a proposed $75M settlement, criticizing it as a threat to the agency's enforcement authority.

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