No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Why Didn’t Judge Torres Drop XRP Lawsuit? Ex-SEC Lawyer Weighs In

by TheAdviserMagazine
4 months ago
in Cryptocurrency
Reading Time: 4 mins read
A A
Why Didn’t Judge Torres Drop XRP Lawsuit? Ex-SEC Lawyer Weighs In
Share on FacebookShare on TwitterShare on LInkedIn


The protracted XRP lawsuit has taken a significant turn, with many wondering why Judge Analisa Torres didn’t drop the case. Amid multiple perceptions, ex-SEC lawyer Marc Fagel weighed in, offering insights into the judge’s decision-making process.

Lawyer Explains Why Judge Torres Denied XRP Lawsuit Motion

As the XRP community grapples with Judge Torres’ recent decision in the Ripple lawsuit, former SEC lawyer Marc Fagel provides context on why the judge didn’t drop the case via an X post.

Fagel suggested that the judge probably didn’t drop the case due to her finding that Ripple had raised hundreds of millions from unregistered securities sales. According to Fagel Ripple’s alleged illegal fundraising through unregistered securities sales warranted action. His statement read,

Probably because she found that Ripple illegally raised hundreds of millions of dollars from unregistered securities sales. So why would she “drop” it (whatever that means)?

Recently, Judge Torres rejected the joint motion filed by Ripple and the SEC in the XRP lawsuit. Subsequently, Ripple dropped its appeal, agreeing to pay $50 million penalty.

Another pertinent question that spurred discussion on the X platform was the case’s potential implications. An X user raised concerns about whether the lawsuit and the substantial resources spent on it effectively served the SEC’s prime goals: protecting investors, maintaining fair and efficient markets, and facilitating capital formation. In a separate response, Fagel noted,

If the company didn’t want to comply with federal law, they should try to change it. They don’t get to decide for themselves which laws matter.

Further, regarding the judge’s silence on Ethereum, he noted that she can only rule on the case before her, implying that Ethereum wasn’t part of the Ripple lawsuit. Fagel also added that Judge Torres has no further role in the Ripple lawsuit, stating,

Judge Torres has no further role in this. Her judgment will become final once the SEC votes to approve dismissing its appeal and files with the court of appeals (which has not yet happened).

How Will Judge Torres’ Injunction Impact XRP Sales?

Significantly, Judge Torres has identified the institutional sales of XRP as a securities offering. As this ruling remains unchanged, Ripple must either cease the institutional sales or comply with the securities laws.

Previously, CoinGape reported XRP lawyer Bill Morgan’s statement that Ripple was already preparing for a permanent injunction on the “historical institutional sales.”

In a recent tweet, Morgan provided more clarity on the Ripple lawsuit ruling’s implications on the XRP sales. While a community member argued that the case won’t affect XRP’s future sales, but only the past offerings, Morgan stated,

You do realise that a prohibitive injunction like the one made against Ripple is meant to restrain current or future conduct. How would it apply to restrain past conduct that already happened.

✓ Share:

coingape

Nynu V Jamal

Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape.

Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master’s degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet.

Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.



Source link

Tags: didntDropexSECJudgeLawsuitlawyerTorresweighsXRP
ShareTweetShare
Previous Post

THAAD’s Israel deployment proves effective but expensive

Next Post

Deal that reduced US tariffs on UK cars and aircraft parts comes into effect

Related Posts

edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

by TheAdviserMagazine
October 24, 2025
0

The U.S. CPI inflation data came in below expectations, increasing the odds of two more rate cuts this year. Bitcoin...

edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

by TheAdviserMagazine
October 24, 2025
0

We audit popular gold tokens against five trust tests, then compare them with BTC ETFs and native BTC settlement.Binance founder...

edit post
Hyperliquid Price Breaks Key Resistance as B Fundraising and IPO Plans Gain Traction

Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

by TheAdviserMagazine
October 24, 2025
0

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above...

edit post
US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

US Dollars Go On-Chain as Uphold and Vast Bank Fuse Banking With Blockchain

by TheAdviserMagazine
October 23, 2025
0

Real U.S. dollars are officially going on-chain as Uphold, Vast Bank, and USBC Inc. unveil a regulated, blockchain-based deposit system...

edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

by TheAdviserMagazine
October 23, 2025
0

Kraken reported $648 million in revenue for the third quarter of 2025, up 114% from a year earlier, which the...

edit post
SBI-Owned B2C2 Announces Zero-Fee Stablecoin Swap Platform for Institutions

SBI-Owned B2C2 Announces Zero-Fee Stablecoin Swap Platform for Institutions

by TheAdviserMagazine
October 23, 2025
0

B2C2, the institutional crypto liquidity provider acquired by Japanese SBI, has launched a new platform designed to simplify cross-chain stablecoin...

Next Post
edit post
Deal that reduced US tariffs on UK cars and aircraft parts comes into effect

Deal that reduced US tariffs on UK cars and aircraft parts comes into effect

edit post
Equities Rally Despite Stagflation Fears as Canada Reopens Trade Talks

Equities Rally Despite Stagflation Fears as Canada Reopens Trade Talks

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
EconLog Price Theory: Pricing Plumbing

EconLog Price Theory: Pricing Plumbing

0
edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

0
edit post
China’s Baidu to test robotaxis in Switzerland in race for Europe

China’s Baidu to test robotaxis in Switzerland in race for Europe

0
edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

0
edit post
How Men and Women Perceive Fairness in the Workplace As Parents

How Men and Women Perceive Fairness in the Workplace As Parents

0
edit post
What to know about Ireland’s election as the country votes for a new president

What to know about Ireland’s election as the country votes for a new president

0
edit post
Harmony Gold Mining completes MAC Copper acquisition

Harmony Gold Mining completes MAC Copper acquisition

October 24, 2025
edit post
How Men and Women Perceive Fairness in the Workplace As Parents

How Men and Women Perceive Fairness in the Workplace As Parents

October 24, 2025
edit post
U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises

October 24, 2025
edit post
The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

The Myth of the “Robber Barons”: James Hill versus the Crony Competitors

October 24, 2025
edit post
EconLog Price Theory: Pricing Plumbing

EconLog Price Theory: Pricing Plumbing

October 24, 2025
edit post
If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

If tokenized gold is just a “trust-me-bro” IOU, what’s really on-chain?

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Harmony Gold Mining completes MAC Copper acquisition
  • How Men and Women Perceive Fairness in the Workplace As Parents
  • U.S. CPI Comes In Lower Than Expectations, Bitcoin Rises
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.