Ripple-SEC lawsuit: No end in sight? Judge Torres denies key request

By: bitcoin ethereum news|2025/05/16 18:45:05

Judge Analisa Torres rejected the joint request by Ripple Labs and the SEC for a settlement motion. Policy watchers forecasted that a resolution was feasible in 4–5 weeks. The much-anticipated Ripple -SEC settlement has hit a slight roadblock. This followed a dismissal of a joint request for an indicative ruling by Judge Analisa Torres. She cited procedural errors for her dismissal, “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” About a week ago, Ripple Labs and the SEC jointly requested that Judge Analisa Torres vacate a previous 2024 judgment and reduce the imposed fine from $125M to $50M. What’s next for the Ripple lawsuit? It’s worth pointing out that the Biden-era SEC appealed Judge Torres’ 2024 ruling on the sale of XRP on other exchanges being non-securities. In a rejoinder, Ripple filed a cross-appeal to address various issues raised by the regulator and challenge the $125 million penalty. Although the SEC withdrew its appeal in March, Ripple’s cross-appeal was still active, hence the need for an indicative ruling to advance the resolution. An indicative ruling refers to a court’s statement on its potential rule on a motion that falls within its purview. Reacting to the update, Ripple’s legal chief Stuart Alderoty clarified , “Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal.” He added that they would revisit the issue with the court. For his part, Fred Rispoli, a pro-crypto attorney, viewed Judge Torres’ rejection as a ‘waste’ of her time, five years on the case. But he noted that a resolution may take a month to achieve. “I do think that will get it done, but that’s going to take at least 2-3 weeks for Ripple and SEC to put together and file. Another week or two for the judge to rule.” Interestingly, the XRP market was positive despite the update, according to CoinGlass exchange netflow data. In the past 12 hours, nearly $50M worth of XRP (negative, red) were moved from exchanges for self-custody. Source: Coinglass When zoomed out on the 7-day period, over $270M XRP were withdrawn from exchanges, reflecting bullish expectations of future rallies. Likewise, Futures market retail activity was at a neutral level, a contrast to the ‘too many retail’ threshold hit during last year’s rally. Source: CryptoQuant Historically, a massive spike in retail has been used as a liquidity exit and potential ‘top’ indicator. Simply put, the current XRP retail status meant more growth could be feasible. That said, XRP slipped 6% after the update from $2.6 to $2.4. Source: https://ambcrypto.com/ripple-sec-lawsuit-no-end-in-sight-as-judge-torres-denies-key-request/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.