In the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, U.S. District Judge Analisa Torres has officially denied the SEC’s latest motion. She has rejected the agency’s request for an indicative ruling that sought to dissolve a prior court order and reduce financial penalties against Ripple.
Judge Analisa Torres’ Ruling on Ripple SEC Motion
The SEC had asked the court to “(1) ‘dissolve’ the Court’s permanent injunction ordering Ripple to obey the law, and (2) cut the monetary penalty imposed against Ripple by more than half.” Judge Torres, however, denied the motion, stating plainly in her order: “The request is DENIED.”
The ruling, filed on June 26, 2025, marks another turn in the high-profile case that has garnered international attention from both legal experts and the crypto industry. The case traces back to December 2020 when the SEC sued Ripple. At the time, the agency alleged that the company had unlawfully offered and sold XRP as an unregistered security, thereby violating Section 5 of the Securities Act of 1933.
According to court documents, the SEC argued that Ripple’s failure to register XRP offerings meant that “investors were deprived of information about XRP and Ripple’s business that would allow them to make informed investment decisions.”
In July 2023, Judge Torres issued a partial summary judgment ruling, finding that Ripple had indeed offered XRP as a security to institutional buyers without proper registration. “This was the Court’s Summary Judgment Order,” the document noted. Subsequently, in March 2024, the SEC sought a final resolution, asking the court to permanently enjoin Ripple from future violations and to impose a significant monetary penalty.
However, with this week’s ruling, Judge Torres has decisively pushed back. “For the foregoing reasons, the parties’ motion for an indicative ruling is DENIED,” she wrote in the conclusion of her order. It added, “The Clerk of Court is respectfully directed to terminate the motion at ECF No. 987.”
The denial represents a legal setback for the SEC, though the broader case remains ongoing, with key issues still unresolved regarding remedies and future regulatory oversight of digital assets. For now, Ripple has secured another procedural win in its multi-year battle with the U.S. securities regulator.
Also Read: Ripple’s XRP Gears Up For 1 Billion Token Unlock, What’s Next?
