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A federal judge has rejected a proposed settlement between the SEC and Ripple Labs due to procedural flaws. The deal would have reduced Ripple’s fine from $125 million to $50 million, ending a four-year legal dispute. Both parties remain committed to resolving the case despite the setback.
- Judge Analisa Torres denied the SEC-Ripple settlement due to procedural errors, bypassing Rule 60 requirements.
- The proposed deal would have reduced Ripple's fine from $125 million to $50 million, with $75 million returned from escrow.
- XRP's price fell 1.6% to $2.42 post-ruling, despite a 366% surge over the past year.
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