TechFlow, June 26 — According to Eleanor Terrett's disclosure, on June 26, 2025, Judge Analisa Torres of the U.S. District Court for the Southern District of New York rejected the joint motion filed by Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The motion requested the court to (1) lift the permanent injunction requiring Ripple to comply with the law, and (2) reduce by more than half the civil penalty imposed on Ripple. This case originated from the SEC’s 2020 lawsuit alleging that Ripple violated Section 5 of the Securities Act of 1933 by offering unregistered XRP tokens. On July 13, 2023, the court ruled that Ripple had violated securities laws when selling XRP to institutional buyers.
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