2024

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<ul>
 <li>Judge Torres is deliberating on penalties and injunctions in the Ripple Vs SEC case, with a decision expected in August.</li>
 <li>Both parties may file appeals despite Ripple’s multiple wins, keeping the legal battle ongoing.</li>
 <li>The decision on penalties and the injunction’s wording will significantly impact Ripple’s business and the broader cryptocurrency industry.</li>
</ul>
<p>In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Judge Analisa Torres is currently deliberating on a final ruling over penalties and injunction in the remedies phase.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Judge Analisa Torres is in the middle of deliberations, trying to come up with a final judgement for the years-long case between the SEC and <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> this week! <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://t.co/Dn4S6tbqwf" rel="noopener noreferrer nofollow">pic.twitter.com/Dn4S6tbqwf</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1817780969119576436?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>This phase has sparked anticipation among the XRP community and legal experts, as they await a decision in the lawsuit, which is <a href="https://cryptonewsland.com/ripple-vs-sec-reaches-penultimate-showdown-following-the-secs-redacted-reply-reveal-final-verdict-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">now expected</a> in August after July nearly ends without any significant progress.</p>
<p>Despite Ripple’s multiple wins, the lawsuit is still considered a contentious issue for the SEC. Several people view the lawsuit as the weakest case for the SEC. However, lawyers have indicated that both parties could still file appeals against previous decisions, keeping the legal battle ongoing.</p>
<p>Several motions, including expert evidence, unseal documents, and final judgment, are pending before Judge Analisa Torres. Legal experts, such as Fred Rispoli, have suggested that Judge Torres might bypass motions before Judge Netburn and announce the <a href="https://x.com/CryptoBullMoose/status/1817437102683881498" target="_blank" rel="noopener noreferrer nofollow">final</a> judgment in the remedies phase in July or August.</p>
<p>Experts have weighed in on the potential appeals in the Ripple Vs SEC case. Ripple vs SEC experts highlighted that the SEC not appealing the case would have negative implications for their other cases involving cryptocurrencies. Additionally, they have questioned why Ripple wouldn’t file an appeal against the decision that deems its XRP ODL sales as securities offerings, considering the significant impact it would have on the company’s revenue.</p>
<p>The ongoing case between <a href="https://cryptonewsland.com/ripple-vs-sec-case-enters-final-judgement-phase-as-ripple-rejects-secs-reduced-penalty/" target="_blank" rel="noopener noreferrer nofollow">Ripple and the SEC</a> continues to draw attention from both the XRP community and legal experts. The final ruling, along with the possibility of appeals, will have implications for both parties and the cryptocurrency industry.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/sec-chair-silence-on-xrp-ruling-deliberate-strategy-or-fear-of-ripples-strength/" rel="noopener noreferrer nofollow">SEC Chair Silence on XRP Ruling: Deliberate Strategy or Fear of Ripple’s Strength?</a></li>
 <li><a href="https://cryptonewsland.com/sec-charges-nishad-singh-for-crypto-fund-fraud-at-ftx/" rel="noopener noreferrer nofollow">SEC Charges Nishad Singh for Crypto Fund Fraud at FTX</a></li>
 <li><a href="https://cryptonewsland.com/ripples-legal-path-strengthened-xrp-attorney-cites-judge-torres-unreversed-decisions/" rel="noopener noreferrer nofollow">Ripple’s Legal Path Strengthened: XRP Attorney Cites Judge Torres’ Unreversed Decisions</a></li>
 <li><a href="https://cryptonewsland.com/judge-torres-xrp-ruling-prevails-as-law-of-the-land-by-courts-xrp-army-rejoices/" rel="noopener noreferrer nofollow">Judge Torres’ XRP Ruling Prevails as ‘Law of the Land’ by Courts, XRP Army Rejoices</a></li>
 <li><a href="https://cryptonewsland.com/ripple-sec-legal-battle-nears-conclusion/" rel="noopener noreferrer nofollow">Ripple SEC Legal Battle Nears Conclusion with Potential Settlement Talks, XRP’s New Beginning Underway</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ripple-vs-sec-judge-torres-deliberates/" rel="noopener noreferrer nofollow">Ripple vs SEC: Judge Torres Deliberates on Final Ruling Over Penalties and Injunction</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple vs SEC: Judge Torres Deliberates on Final Ruling Over Penalties and Injunction

Crypto News Land

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