Judge rejects SEC and Ripple’s proposed settlement deal, upholds $125M penalty

By: crypto briefing|2025/05/16 03:30:09

A federal judge has denied a joint request by the SEC and Ripple Labs to approve a settlement that would have sharply reduced Ripple’s $125 million civil penalty and lifted a standing court injunction against future securities violations, according to an update from defense lawyer James Filan. In a ruling dated May 15, US District Judge Analisa Torres dismissed the joint motion , which had been filed earlier this month. The motion sought the court’s approval to dissolve a permanent injunction previously issued against Ripple and to reduce the civil penalty from $125 million to $50 million. The move was seen as part of an ongoing attempt to resolve their years-long legal battle over alleged securities law violations. The original penalty had been imposed after the court found that Ripple had violated the Securities Act by offering and selling unregistered securities to institutional investors. In her order, Judge Torres stated that the request was filed improperly. Although it was presented as a motion for settlement approval, it was, in fact, a request for relief from the court’s August 2024 final judgment. Such a request must comply with Rule 60, which requires a significantly higher legal standard—specifically, a showing of “exceptional circumstances” to justify relief from a final judgment. Judge Torres noted that the parties neither cited Rule 60 nor attempted to meet its demanding requirements. With the proposed settlement rejected, Ripple remains bound by the August 2024 ruling, which found that its institutional XRP sales constituted unregistered securities offerings, imposed a $125 million fine, and barred future violations related to those sales. This is a developing story.

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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