Krutika Adani
Judge Torres rejected a joint motion—not for its content, but because it didn’t follow proper legal procedure.
After years of litigation, the judge is demanding solid reasons for reversing earlier rulings that found Ripple at fault.
Legal analysts believe the judge’s rejection signals deeper skepticism—especially over the SEC’s sudden change of stance.
Ripple hoped to release $125 million in reserved penalties with this deal, but the delay puts that relief on hold.