Ripple’s XRP Spot ETF Decision Faces Delay: Judge Rejects Settlement

The SEC has put the brakes on Ripple’s application for an XRP spot exchange-traded fund (ETF), as Judge Analisa Torres rejected their joint motion for settlement due to procedural concerns in New York. This decision throws a wrench into the crypto market, casting uncertainty over XRP’s trajectory and potentially affecting broader market sentiment and investor confidence in cryptocurrency ETFs.