XRP Tanks 8% as Judge Torres Slams Brakes on Ripple’s SEC Defense Motion
Another day, another courtroom gut-punch for crypto. XRP holders watched gains evaporate after Judge Analisa Torres denied Ripple’s motion to strike the SEC’s expert testimony—because nothing says ’regulatory clarity’ like letting bureaucrats argue both sides of the chessboard.
The ruling keeps the SEC’s shaky ’investment contract’ theory alive, giving the agency more runway to muddy the waters. Traders reacted with predictable panic, dumping XRP faster than a Wall Street analyst downgrading a stock after 90% of the drop already happened.
Silver lining? The denial doesn’t kill Ripple’s case—just forces them to fight the SEC’s experts head-on. But with legal fees burning faster than a shitcoin rug pull, even a win might feel pyrrhic for the ’decentralized’ token that can’t stop getting sued.