šØ Judge Torres Shuts Down SECās Motion Against Ripple ā Major Win for Crypto
In a landmark ruling that sent shockwaves through crypto markets, Judge Analisa Torres delivered a decisive blow to the SEC's latest attempt to corner Ripple Labs.
The gavel drops: The court rejected the SEC's motion for an indicative ruling, keeping XRP's legal momentum firmly intact. No numbers were harmed in the making of this judgmentājust regulators' egos.
Why it matters: This marks another tactical loss for the SEC's regulation-by-lawsuit playbook. Meanwhile, Wall Street still can't decide if blockchain is 'the future' or just a handy scapegoat for their next bailout.
Torres' courtroom remains the crypto industry's most consequential battleground. The SEC's enforcement division? Now looking as coordinated as a DeFi rug pull.
Judge Analisa Torresā Ruling on Ripple SEC Motion
The SEC had asked the court to ā(1) ādissolveā the Courtās permanent injunction ordering Ripple to obey the law, and (2) cut the monetary penalty imposed against Ripple by more than half.ā Judge Torres, however, denied the motion, stating plainly in her order: āThe request is DENIED.ā
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 Rippleās failure to register XRP offerings meant that āinvestors were deprived of information about XRP and Rippleās business that WOULD allow them to make informed investment decisions.ā
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. āThis was the Courtās Summary Judgment Order,ā 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 weekās ruling, Judge Torres has decisively pushed back. āFor the foregoing reasons, the partiesā motion for an indicative ruling is DENIED,ā she wrote in the conclusion of her order. It added, āThe Clerk of Court is respectfully directed to terminate the motion at ECF No. 987.ā
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.
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