Judge Torres has denied Ripple and the SEC’s request for an indicative ruling in their ongoing case. This decision came after the parties submitted a motion to hold the appeal and cross-appeal in abeyance while seeking an indicative ruling for final settlement. Ripple argues that the current outcome doesn’t change their legal position (i.e., XRP is not classified as a security). The process remains on track, with both sides agreeing to proceed with settling the case, aiming for a complete conclusion. Legal expert Bill Morgan provides insights, outlining the next steps in the process: agreement on a settlement, filing motions to hold appeals in abeyance and requesting an indicative ruling for final resolution.