Ripple’s Legal Circus: $160M Vanishes & Judge Says ‘No Thanks’ to Settlement

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Ripple‘s Legal Circus: $160M Vanishes & Judge Says ‘No Thanks’ to Settlement

In a twist that would make even the most hardened gambler grunt with disbelief, the price of XRP took a nosedive, slipping by 3% to a modest $2.41. The cause? Well, a US District Judge named Analisa Torres—yes, that’s the real name—decided her courtroom was not the place for Ripple’s $50 million “gentleman’s agreement.” No, sir, she was all about the big fines, reaffirming a hefty $125 million penalty that sank straight into the legal ocean, leaving traders clutching their hats and wondering if this was the latest episode of a long-running soap opera.

XRP Logo

The big joke here? Ripple thought they could sweet-talk the SEC into a smaller settlement. Instead, Judge Torres threw a legal pie in their face, standing firm like a grumpy old man at a Sunday potluck. Traders, perhaps feeling they’d been sold a used car, pulled nearly $160 million out from under XRP’s feet—because, why not? It’s only money, right?

Legal documents

Meanwhile, the derivatives traders, who usually have the patience of saints, decided to tread carefully, as if trying to avoid stepping on proverbial landmines in a legal minefield. Will XRP hold the $2 support line? Or is it just a matter of time before it’s drifting aimlessly in the turbulent sea of regulation and market jitters?

So here we are, folks—another day, another courtroom drama, and more money thrown around like confetti at a parade. Stay tuned, because if history’s any guide, this story’s far from over. Maybe next week we’ll get the sequel where Ripple finally pleads, “Can I keep a little?”

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2025-05-17 03:33