Former SEC lawyers will be open about new “fixed filings”

The legal battle between Ripple and the Securities and Exchange Commission (SEC) took an unexpected turn. And XRP holders are once again left in suspense. Judge Analisa Torres rejected joint requests from both Ripple and the SEC to finalize the proposed settlement agreement. The development has uncertainly cleared many of the Crypto community and raised new questions about where today’s lawsuits are.

Summary – Earlier this month, both Ripple and the SEC agreed to a revised settlement that cuts Ripple’s financial penalty from $125 million to $50 million, reimbursing the company for the remaining $75 million. Additionally, the parties have sought to lift an earlier injunction that would limit ripples from certain future actions.

However, Judge Torres refused the request. reason? Procedural missteps.

Where can I find the new submission?

It has been more than a week since Judge Torres’ May 15th ruling, and the revised application has not been posted on the Docket. This delay has caused frustration and speculation in the XRP community, with many wondering what is causing hold-ups.

The former SEC lawyer has become heavier and explained that the issue is not merely a procedural oversight. Legal experts say the original contract approach had “significant substantial issues.” And Judge Torres made it clear that both parties must meet much higher standards to justify amendments to the final judgment.

What does this mean for Ripple and XRP?

This procedural fumble does not spell out the end of Ripple’s hope of solving the case, but it delays the process. For now:

• The original $125 million fine is still standing.
• Existing injunctions remain active.
• The SEC case for Ripple remains technically open.

The Ripple vs SEC case continues to be a legal manipulation chessmatch. While the parties appear to want to settle it, the court does not easily reverse the final judgment without a well-supported legal argument.