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Judge Denies Ripple Motion, Leaving Uncertainty in XRP Case

A significant update has emerged from the ongoing legal battle between Ripple and the SEC.

U.S. District Judge Analisa Torres rejected a joint motion from both parties to modify the court’s previous judgment.

This ruling reinforces that private settlements cannot overturn established public court decisions, emphasizing the authority of finalized judgments.

Experts speculate that this move reflects the judge's frustration with the lengthy litigation process.

Ripple's legal team has expressed confidence in the classification of XRP as a non-security despite the challenges presented by this ruling.

While the judge has denied the request to amend the judgement, Ripple plans to continue business as usual as it navigates its legal strategy.

The case is set to move forward with both parties required to submit a status report to the appellate court by August.

The implications of this ruling could extend beyond Ripple, potentially influencing future cryptocurrency regulations in the United States.

Despite the legal hurdles, XRP's market performance has shown notable resilience, indicating sustained investor interest.

As both sides evaluate their next steps, the outcome of this case will be pivotal in shaping the landscape for cryptocurrency regulation in the future.