Ripple’s Legal Wins Remain Intact despite SEC Deal Rejection

A recent ruling by Judge Analisa Torres of the U.S. District Court for the Southern District of New York has clarified that Ripple’s legal victories regarding XRP classification are unaffected. Despite a request for an advisory opinion on the case, Judge Torres dismissed it due to procedural concerns, stating that both parties have already filed appeals and the matter is currently under review by higher courts. Ripple had previously reached a settlement with the SEC in March, reducing penalties to $50 million. However, this decision also raises the possibility of ongoing proceedings through appeals or the potential for Judge Torres to intervene if jurisdiction is restored.