SEC’s Motion Denied, Weighing Heavily On XRP Trajectory: Ripple CLO Comments
Posted On May 16, 2025
Ripple (CRYPTO: XRP) fell sharply on Friday, dropping over 3.07% to $2.42. The drop follows a federal court decision rejecting SEC and Ripple’s joint motion for an indicative ruling, prolonging a long-running legal battle between both parties.
The ruling came from US District Court Judge, Analisa Torres, who denied the joint request from the SEC and Ripple Labs. It aimed to pre-emptively clarify how the court would rule if it regained jurisdiction on the matter.
Don’t Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- New to trading crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase.
According to BeInCrypto, Judge Torres stated that the motion is procedurally improper. Both parties filed final appeals in August 2024, …
About The Author
