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Over the past five years, the voltage crystallizing between the crypto of innovation and the American regulation crystallizes tension. This year, June 17, Ripple submitted a strategic request to Judge Ana Analisa Torres, whose aim was to close the ensemble without a new court confrontation. If adopted, this initiative could accelerate the dispute resolution, but also redefine relations between blockchain companies and the tax authorities in the United States. A legal precedent may be written.
In short
- Ripple presented a letter on June 17, 2025, asking Judge Torres to declare a court order in August 2023.
- So the company hopes to reduce the fine imposed by SEC from $ 125 to $ 50 million and will end the appeal procedure.
- Ripple is also trying to align his situation with the situation of other crypto actors for whom SEC has left this procedure.
- In case of refusal to the judge, the file would go to the call district and extend the dispute.
Ripple requires cancellation of the command
While US justice rejected the agreement between Ripple and SEC, the crypt company sent this bilateral another letter on June 17 and demanded what is called one “Decision on Orientation”. This is a formal statement indicating that the judge would be favorable for the annulment of the court order imposed in the final judgment of August 2023.
The aim is to enable the Court of Appeal of the second district to return the case to the District Court to form the agreement between Ripple and SEC. Under the terms of this Agreement, a fine imposed on the ripple would decrease from $ 125 to $ 50 million.
As the document indicates this adjustment “Do not change the substantial legal obligations of the ripple”from the company “Like any other market player, it is necessary to respect the law whether or not the court order is pronounced or not”.
This initiative is part of a well -defined procedural chain that both sides founded on June 12 through a joint proposal filed under the rules 62.1 and 60 (B) (6). If the judge Torres makes the required decision on orientation, the following steps would be activated:
- Request for assignment to the file: The Court of Appeal of the second district would formally refer to the District Court;
- Dissolution of the court order: The judge would eliminate the prohibition of the imposed ripple in the August 2023 judgment;
- Using a financial agreement: a fine would be officially reduced to $ 50 million;
- Coordinated Call withdrawal: Both parties would terminate their relevant appeal procedures.
The substantive judgment passed in July 2023, which excluded program sales of XRP, would not change. The problem only applies to corrective provisions. This clarification is central for the current Ripple strategy.
Estimated strategy for matching with other crypto actors
If the application submitted formally aims to cancel a court order, it actually responds to a global strategic ripple: it harmonizes its position with other crypto companies, such as Kraken, CoinBase, Consensys or Robinhood.
Lawyer Fred Rispoli emphasizes that this letter “Maybe not the strongest attempt, barely 1.5 pages, but it’s an attempt”before they find that it repair three main omission, including “Recognition of superiority of appeal jurisdictions” AND “The fact that the cancellation of the court order does not change the legal obligation of the ripple”. There is a conclusion: “I’m not impressed, but I’m more optimistic. That might be enough to tilt things”.
The aim of this approach is also to respond to external criticism for the motivation of ripple. Rispoli also indicates this “Detectives compare the ripple with the manifest of a fraud matter” And neglect many cases of abandoned dry.
The aim is therefore not only procedural. It is also a question of ripple renewal of a particular legal capital, namely to the definitive conversion of the file page, which for five years weighed the legitimacy of its activities.
According to lawyer Bill Morgan, who recalls that the procedural calendar was suspended by August 15 to August 15, the favorable decision of the judge Torres could be closed in a few weeks, which could be completed this summer, which might lead to an XRP explosion. On the other hand, if it refuses, the file would go to the calling circuit, which would postpone its distinction. For the ripple as for the whole crypto market, the result of this case would symbolize new dynamics in relations between regulatory bodies and blockchain companies.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.