XRP Settlement Rework Bid Rejected

Judge Denies SEC-Ripple Settlement Due to Procedural Errors

• A federal judge denied the SEC and Ripple’s settlement due to procedural errors.
• The proposed deal aimed to reduce Ripple’s fine from $125 million to $50 million.
• Both parties remain committed to resolving the case despite the setback.
• XRP is currently trading at $2.42, down 1.6% on the day.
• The legal battle began in December 2020 over unregistered XRP sales totaling $1.3 billion.

U.S. District Judge Analisa Torres denied a joint settlement bid by the SEC and Ripple, citing procedural errors. The proposed agreement would have reduced Ripple’s fine significantly, but both parties continue seeking resolution as XRP trades at $2.42.