Analysis: Last August's court ruling on the Ripple case is still in effect, and Ripple is currently appealing to overturn the fine and injunction.

BlockBeats News, March 20, Crypto reporter Eleanor Terrett stated that the ruling by Judge Torres in the Ripple case from August last year is still in effect, and Ripple is still required to pay a $125 million fine. Although the SEC has theoretically agreed to drop the appeal regarding the programmatic/secondary market sales, Ripple has not yet agreed to drop its own appeal against the $125 million fine and ongoing injunction, which prevents it from selling XRP to institutional investors without registering these sales as securities.

Sources close to the case have indicated that it is now Ripple's turn, as technically Ripple is now the plaintiff rather than the defendant. Ripple can choose to continue appealing the fine and injunction or withdraw them.

Whether the SEC will engage in further negotiations around the district court's ruling remains to be seen. However, given that both parties find themselves in an unprecedented situation in the rapidly evolving digital asset regulatory landscape, this is a case we've always known required more discussion and more nuanced aspects.