{"content":"Significant Development in Ripple vs. SEC Case: XRP Value Drops by 5% as a Reaction The legal case between Ripple and the SEC took another twist when Judge Analisa Torres rejected the joint motion for a settlement, causing XRP's price to drop. The case, which started in late 2020, saw a motion filed on May 8th to reduce the penalty from the initial $125 million to $50 million. However, Judge Torres denied this motion due to procedural impropriety as both parties had failed to file it correctly under Rule 60. Ripple's CLO, Stuart Alderoty, stated that this does not affect the company's previous victories, such as the court not classifying XRP as a security. He emphasized that the denial was purely procedural and that both parties will revisit this issue with the court together. ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/16/d4802c69760143a9955092b6881ab933.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}