Judge Torres Rejects Ripple SEC Motion on XRP Case Terms

By: bitcoin ethereum news|2025/05/16 17:15:05
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Judge Torres rejects Ripple-SEC motion to lift XRP injunction and cut civil penalty Court cites procedural flaws and failure to show public interest in proposed deal Legal experts expect revised motion, new brief required before case returns to appeal U.S. District Judge Analisa Torres has denied a joint request from Ripple Labs and the Securities and Exchange Commission (SEC) that aimed to change XRP case terms in their ongoing legal case. The motion, which was originally filed on May 8, sought to remove a permanent injunction on Ripple’s institutional XRP sales and reduce the company’s civil penalty from an initial $125 million down to $50 million. Judge Torres, however, issued a court order on May 15 rejecting this proposal. Her decision cited procedural deficiencies and a failure by the parties to adequately justify how the proposed changes would serve the public interest. The SEC’s attempt to renegotiate settlement terms comes after leadership changes within the agency, including the resignation of former Chair Gary Gensler. SEC’s Shift in Approach Met with Procedural Scrutiny Under its new leadership, the SEC has reportedly adopted a different approach to digital asset enforcement, showing a willingness to reduce penalties or resolve high-profile cases such as the one involving Ripple. The revised agreement proposed by Ripple and the SEC included dropping the appeal concerning secondary XRP sales and modifying the penalties related to violations from Ripple’s institutional sales. Related: SEC and Ripple Strike Settlement: What’s Inside the New Deal? Despite this mutual agreement between the two parties, Judge Analisa Torres refused to approve their request. In her order, she noted that Ripple and the SEC had not met the necessary legal standard required to lift the existing injunction. Furthermore, she found they had not sufficiently explained why modifying the terms would be in the public’s interest, especially considering her earlier findings. Next Steps: Refiling with Proper Legal Justification Expected Legal experts suggest that this rejection by Judge Torres stemmed primarily from the incorrect use of court procedure rather than a fundamental denial of the settlement’s potential terms. According to attorney Fred Rispoli, both Ripple and the SEC failed to apply the appropriate legal rule for their request. He indicated they will now need to refile using the correct legal process. Pro-XRP attorney John Deaton stated that both parties had sought an “indicative ruling” from Judge Torres. This was to determine if the court would likely approve the revised terms if the case were remanded from an appeal. However, the judge’s order clearly pointed out the necessity for a formal briefing. This briefing must outline why lifting the injunction on Ripple’s institutional XRP sales aligns with her earlier court finding that these sales indeed violated securities laws. Following the court’s decision, Ripple and the SEC must now submit a detailed joint brief that justifies the proposed changes to the settlement. John Deaton estimates that achieving a resolution through this revised process could still take several months. Related: Ripple-SEC Deal Looks Real, But Timing Is Weird, Legal Expert Warns Once Judge Torres receives a new, correctly filed motion and is satisfied with the provided legal rationale, the case is expected to return to the Second Circuit Court of Appeals before any final settlement can be approved. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/ripple-sec-xrp-case-judge-torres-rejects-settlement-motion/

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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