Ripple’s Legal Battle With SEC Remains in Limbo, Uncertain Future for XRP

Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has entered a new period of uncertainty after a proposed settlement attempt failed to reach fruition. Judge Analisa Torres rejected the joint settlement request from both sides just one week after it was submitted, with neither party subsequently filing a corrected version of the proposal. This legal impasse has left XRP’s future hanging in the balance as no updates have been made by either Ripple or the SEC since then. 5 percent drop in price is attributed to this legal news, although it has recovered slightly and now trades at $2.45 with a modest gain over the last 24 hours.