Ripple-SEC lawsuit: No end in sight? Judge Torres denies key request

By: bitcoin ethereum news|2025/05/16 18:45:05
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Judge Analisa Torres rejected the joint request by Ripple Labs and the SEC for a settlement motion. Policy watchers forecasted that a resolution was feasible in 4–5 weeks. The much-anticipated Ripple -SEC settlement has hit a slight roadblock. This followed a dismissal of a joint request for an indicative ruling by Judge Analisa Torres. She cited procedural errors for her dismissal, “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” About a week ago, Ripple Labs and the SEC jointly requested that Judge Analisa Torres vacate a previous 2024 judgment and reduce the imposed fine from $125M to $50M. What’s next for the Ripple lawsuit? It’s worth pointing out that the Biden-era SEC appealed Judge Torres’ 2024 ruling on the sale of XRP on other exchanges being non-securities. In a rejoinder, Ripple filed a cross-appeal to address various issues raised by the regulator and challenge the $125 million penalty. Although the SEC withdrew its appeal in March, Ripple’s cross-appeal was still active, hence the need for an indicative ruling to advance the resolution. An indicative ruling refers to a court’s statement on its potential rule on a motion that falls within its purview. Reacting to the update, Ripple’s legal chief Stuart Alderoty clarified , “Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal.” He added that they would revisit the issue with the court. For his part, Fred Rispoli, a pro-crypto attorney, viewed Judge Torres’ rejection as a ‘waste’ of her time, five years on the case. But he noted that a resolution may take a month to achieve. “I do think that will get it done, but that’s going to take at least 2-3 weeks for Ripple and SEC to put together and file. Another week or two for the judge to rule.” Interestingly, the XRP market was positive despite the update, according to CoinGlass exchange netflow data. In the past 12 hours, nearly $50M worth of XRP (negative, red) were moved from exchanges for self-custody. Source: Coinglass When zoomed out on the 7-day period, over $270M XRP were withdrawn from exchanges, reflecting bullish expectations of future rallies. Likewise, Futures market retail activity was at a neutral level, a contrast to the ‘too many retail’ threshold hit during last year’s rally. Source: CryptoQuant Historically, a massive spike in retail has been used as a liquidity exit and potential ‘top’ indicator. Simply put, the current XRP retail status meant more growth could be feasible. That said, XRP slipped 6% after the update from $2.6 to $2.4. Source: https://ambcrypto.com/ripple-sec-lawsuit-no-end-in-sight-as-judge-torres-denies-key-request/

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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