The judge Analisa Torres ruled that the joint request of the American Commission for Securities and Exchange (SEC) and Ripple to approve a regulation is “incomparable procedural”, thus keeping the long -standing legal dispute.
The decision was revealed in a file of May 15 submitted to the American district court in the South District of New York.
The judge declares the request for a procedural crypto settlement
The decision occurs a little more than a week after Ripple and the federal regulator submitted a proposed settlement agreement aimed at effectively ending the Civil Wesing Action of the SEC against the crypto office.
“By styling their request in one for” the approval of the regulations “, the parties fail to respond to the heavy burden that they must overcome to cancel the injunction and considerably reduce the civil sanction,” wrote Torres.
In a statement published on the SEC website on May 8, the two parties said they would ask for pre -trial detention from the district court, after which they would move to reject their respective appeals against the final judgment, if Torres rejected their request.
In March 2025, Ripple and the SEC reached regulation. Under the agreement, Ripple would pay $ 50 million in the previously imposed fine, the remaining $ 75 million returned to the company.
#Xrpcommunity #Secgov v. #Ripple #Xrp Judge Torres rejected the parties’ request for an indicative decision. “If the jurisdiction was restored to this court, the court would reject the request of the parties as being inappropriate procedural.” pic.twitter.com/4s95ilvzsy
– James K. Filan
(@Filanlaw) May 15, 2025
(@Filanlaw) Meanwhile, Ripple has widened its operations in different regions, in particular the Middle East.
The company announced on Monday that Zand Bank and Fintech Mamo would integrate Ripple payments, its cross-border payment platform powered by the blockchain.
Earlier this month, the pharmaceutical distribution company Wellgistics announced its intention to integrate XRP into its payment and cash operations, making it one of the first companies listed on the stock market to do so.
The Florida -based company said it was aimed at taking advantage of the XRP blockchain infrastructure to improve transaction speeds and reduce settlement costs for pharmacies, suppliers and manufacturers.
Dry moves its position on cryptocurrency
The decline in the court comes as the SEC, under the current administration of President Donald Trump, reports a movement towards a more user -friendly regulatory framework for digital assets.
Trump, who highlighted a pro-Crypto position during his campaign, appointed the former SEC commissioner Paul Atkins to lead the agency.
Atkins should adopt a significantly more accommodating approach to blockchain sector regulations compared to its predecessor, Gary Gensler, who was known for his regulatory strategy focused on the application of the application.
The agency has already abandoned its prosecution against Coinbase and Cumberland DRW earlier this year, and a separate survey on the Laboratories of the United Uniswap closed in February without action in application.
The agency also closed its survey on Cyberkongz, an eminent NFT and game project based on Ethereum, without any application measure, the team announced on Tuesday.
More recently, the SEC announced that it would not pursue legal proceedings against Richard Schueler, better known as Richard Heart, the founder of Hex, Pulsechain and Pulsex.
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