Ripple’s Legal Battle with SEC Faces New Delays
- Judge Analisa Torres blocked a joint settlement between Ripple and the SEC on May 15, 2025.
- The proposed settlement included a $50 million fine and lifting a permanent injunction.
- The motion was rejected due to citing the wrong procedural rule—Rule 62.1 instead of Rule 60.
- XRP’s price fluctuated significantly, reaching above $2 but falling back below it recently.
- XRP is currently trading at $2.38, amid ongoing legal uncertainties and market speculation.
Judge Torres’ decision to block the settlement requires Ripple and the SEC to refile under the correct procedural rule, potentially delaying proceedings for months. XRP remains volatile as traders await further court updates.
Source (2.6)https://www.newsbtc.com/altcoin/judgment-day-is-coming-xrp-set-to-explode-analyst-warns/?rand=52377
