The request, filed under docket number 20 Civ. 10832 (AT), sought an indicative ruling from the court. Specifically, the two parties asked Judge Torres to weigh in on whether the court would be inclined to revise its prior rulings—one involving a permanent injunction against Ripple, and another concerning the scale of the monetary penalty imposed against the firm.

In a short but clear order, Judge Torres wrote:

“For the foregoing reasons, the parties’ motion for an indicative ruling is DENIED. The Clerk of Court is respectfully directed to terminate the motion at ECF No. 987.”

Background: Longstanding SEC vs. Ripple Legal Clash

The SEC originally sued Ripple in December 2020, alleging that the company violated federal securities laws by selling XRP as an unregistered security. Over the course of the multi-year case, the court issued a partial summary judgment in favor of Ripple in 2023, ruling that some sales of XRP did not constitute securities offerings.

The recent motion appears to have been part of a broader effort by both sides to resolve remaining issues, including the scope of penalties and enforcement mechanisms.

With the motion now denied, the case returns to its current posture—awaiting further rulings or potential settlement steps.

The post Judge Torres Denies SEC and Ripple’s Joint Motion for Indicative Ruling appeared first on Coindoo.

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Filed under: Bitcoin - @ June 26, 2025 1:17 pm