Ripple-SEC Lawsuit Hit with New Roadblock; Judge Rejects Settlement Proposal

A surprising twist has emerged in the highly anticipated legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres has declined to approve a mutually agreed-upon settlement, throwing investors into uncertainty. The judge cited procedural flaws and a fundamental legal concern with revising a final judgment. This decision follows an earlier agreement that sought to significantly reduce Ripple’s penalties and lift an operational injunction, but was deemed inappropriate by the judge.