XRP Lawsuit Update: Legal Expert Analyzes Next Steps for Ripple and SEC After Judge’s Settlement Rejection

Prominent attorney Bill Morgan has outlined the potential next moves for Ripple and the U.S. SEC following District Court Judge Analisa Torres’ rejection of their proposed settlement. The denial, issued on May 16, 2025, was based on procedural grounds, with Torres stating the request was improper and outside her jurisdiction as the case remains under appeal. Meanwhile, XRP’s price stands at 2.43350000 USDT.

XRP Lawsuit: Legal Expert Outlines Next Steps for Ripple and SEC Following Judge’s Rejection of Settlement

Prominent attorney Bill Morgan has detailed the potential next moves for Ripple and the U.S. SEC after District Court Judge Analisa Torres rejected their proposed settlement. The denial, issued on May 16, 2025, centered on procedural grounds, with Torres noting the request was improper and outside her jurisdiction as the case remains under appeal.

The judge emphasized the motion failed to address Rule 60, which governs relief requests from final judgments. While the ruling did not critique the settlement terms, it leaves both parties to navigate the appeals process or refile with corrected procedure. The outcome could set precedents for crypto regulatory enforcement.

Ripple CTO Dismisses $237M XRP Buy Theory Amid Manipulation Claims

Ripple’s Chief Technology Officer David Schwartz has refuted speculation surrounding a $237 million XRP transaction, clarifying it was likely an exchange withdrawal rather than a new purchase. The transfer, initially flagged by Whale Alert, involved 236,982,972 XRP moving from Kraken to an unknown wallet, sparking debates about market transparency.

The crypto community’s reaction highlights ongoing concerns about price manipulation and the interpretation of large-scale movements in digital asset markets. XRP’s market dynamics remain under scrutiny as participants weigh the implications of such transactions.