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Ripple’s Chief Legal Officer, Stuart Alderoty, reaffirmed that XRP’s legal clarity remains unaffected despite a recent court denial. Judge Analisa Torres dismissed a joint motion from Ripple and the SEC, citing procedural concerns. The ruling maintains a $125 million penalty but leaves Ripple’s previous legal victories intact.
- Judge Torres denied Ripple and the SEC's joint motion, calling it procedurally improper under Federal Rule of Civil Procedure 60.
- The motion sought to dissolve an injunction and reduce Ripple's $125 million penalty to $50 million, but the court upheld the original judgment.
- Ripple's CLO, Stuart Alderoty, affirmed that XRP's legal clarity remains intact, despite the court's dismissal of the motion.
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