Legal Expert Clarifies Ripple’s Injunction on Institutional Sales of XRP

Key Points

1. Judge Annalisa Torres rejected Ripple and the U.S. SEC's joint motion, impacting Ripple's business with institutional investors in the U.S.

2. Ripple's penalty was reduced to $50 million, and the permanent injunction was removed, but questions remain about the company's path forward.

3. The SEC, under pro-crypto leadership, is now more comfortable with Ripple as long as it follows established guidance, easing concerns about its operations.

4. Ripple CLO Stuart Alderoty stated that the company can now proceed with business as usual, indicating a return to normal operations.

5. The article mentions ongoing discussions about XRP's future, including its potential use in debt settlement and coupon payments by the European Central Bank.