XRP Price Crashed 5% Hours After Judge Analisa Torres Denied Both Parties in the Ripple-SEC Lawsuit

Soon after, market sentiment for XRP flipped bearish as the settlement in the SEC lawsuit could be delayed further.

The price of XRP crashed 5% hours after Judge Analisa Torres denied both parties in the Ripple (CRYPTO: XRP)-SEC lawsuit, the request for an indicative ruling.

The joint motion was aiming to modify Judge Torres's prior decision on dismissing the SEC's case but Judge Analisa stated that the parties’ joint motion for an "indicative ruling" is denied. Both parties would need to satisfy specific legal requirements and demonstrate that modifying her previous decision would serve the interests of both the public and institutional XRP buyers.

The judge's response to the parties' joint motion for an "indicative ruling" came as a surprise considering her final decision in the case, dismissing the SEC's case and ruling that XRP is not a security in the two relevant time periods.

The judge stated that the parties' joint motion was "improperly" filed with an attempt to cancel important parts of the final decision that had already been made in the case.

After the Judge Analisa Torres rejected the joint motion in the Ripple SEC lawsuit and provided clear guidance for the next potential steps, experts and lawyers from the Ripple community shared their take on what lies ahead.

Crypto Legal Expert Shares Important Point on Judge Torres's Perspective

Among the legal experts who weighed in on the implications of Judge Analisa Torres's latest ruling, John Deaton, a prominent crypto lawyer, and founder of the DEATON AND GRANT, LLP firm, shared an interesting point on the perspective of the court.

In his analysis of the implications of Judge Analisa Torres's latest ruling, crypto legal expert John Deaton highlighted a crucial point.

According to Deaton, Judge Analisa Torres's perspective is that the SEC has invested five years aggressively pursuing its legal strategy against Ripple, consuming “thousands of hours of legal and judicial manpower,” only to now suggest that much of this extensive effort was meaningless.

"The Court viewed the parties’ joint motion as an attempt to "undo" her final judgment, noting that her prior decision had already engaged "legal and economic firepower" and consumed "thousands of hours of manpower.”

Coming Together to Address Judge Torres’ Concerns

After the court decision, Sebastien Neretti, the CLO of Ripple, said that they would be working together with the SEC to address Judge Torres’ concerns.

In a post on X, Neretti said that the judge had expressed concerns that the parties were trying to get out of two major penalties: the order to stop selling illegal securities and the requirement to pay the full fine.

"This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Both parties would need to satisfy specific legal requirements and demonstrate that modifying her prior decision would serve the interests of both the public and institutional XRP buyers, the judge said.

The judge’s response to the parties’ joint motion for an “indicative ruling” came as a surprise considering her final decision in the case, dismissing the SEC's case and ruling that XRP is not a security in the two relevant time periods.

The judge stated that the parties’ joint motion was “improperly” filed with an attempt to cancel important parts of the final decision that had already been made in the case.

After the Judge Analisa Torres rejected the joint motion in the Ripple SEC lawsuit and provided clear guidance for the next potential steps, experts and lawyers from the Ripple community shared their take on what lies ahead.

Crypto Legal Expert Shares Important Point on Judge Torres's Perspective

Among the legal experts who weighed in on the implications of Judge Analisa Torres' latest ruling, John Deaton, a prominent crypto lawyer, and founder of the DEATON AND GRANT, LLP firm, shared an interesting point on the perspective of the court.

According to Deaton, Judge Analisa Torres's perspective is that the SEC has invested five years aggressively pursuing its legal strategy against Ripple, consuming “thousands of hours of legal and judicial manpower,” only to now suggest that much of this extensive effort was meaningless.

"The Court viewed the parties’ joint motion as an attempt to "undo" her final judgment, noting that her prior decision had already engaged "legal and economic firepower" and consumed "thousands of hours of manpower.”

Coming Together to Address Judge Torres’ Concerns

After the court decision, Sebastien Neretti, the CLO of Ripple, said that they would be coming together with the SEC to address Judge Torres’ concerns.

In a message on the X platform, Neretti said that the judge had expressed concerns that the parties were trying to get out of two major penalties: the order to stop selling illegal securities and the requirement to pay the full fine.

Neretti said: "This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Both parties would need to satisfy specific legal requirements and demonstrate that modifying her prior decision would serve the interests of both the public and institutional XRP buyers, the judge said.

The judge’s response to the parties’ joint motion for an “indicative ruling” came