Judge Dismisses SEC and Ripple’s Bid for Indicative Ruling on $50 Million Settlement

A procedural setback has emerged in the ongoing legal battle between Ripple and the SEC. The judge presiding over this high-profile case, Judge Analisa Torres, denied a request by both parties for an indication of how the court might rule regarding a proposed settlement of $50 million in penalties. This action comes after Ripple and the SEC reached a tentative agreement to reduce the original $125 million penalty imposed last year. The deal also aimed to lift a restrictive injunction on Ripple’s business activities.