Court Rejects Ripple and SECs Request to Reduce Penalty and Lift Injunction

Judge Analisa Torres denied the joint request from Ripple and the U.S. Securities and Exchange Commission (SEC) to reduce the penalty and lift the court’s injunction.

The parties submitted their document in April. Previously, the SEC sought a court injunction related to Ripple’s activities involving securities, highlighting concerns that the company might continue activities that could be deemed illegal.

*»None of this has changed. Yet, they are now asserting that it serves the public interest to reduce the civil penalty by sixty percent and to lift the injunction imposed less than a year ago,»* the ruling stated.

The judge noted that the parties did not present any *»extraordinary circumstances»* that would outweigh public and governmental interests. According to Torres, both Ripple and the SEC have the option to withdraw their appeals or file new ones.

In December 2020, the SEC accused the company of violating securities laws by selling XRP. This case has become one of the most discussed in the industry.

In August 2024, Torres issued a final ruling on the matter, imposing a $125 million penalty on Ripple.

It is worth mentioning that on March 19, 2025, the SEC withdrew its appeal against Ripple, and a week later, the company dropped its counterclaim.