Judge Analisa Torres has halted a proposed $50 million settlement between Ripple and the SEC, raising questions about the future of the ongoing legal battle over Ripple’s XRP cryptocurrency. The court rejected the joint request submitted by both parties due to procedural reasons. Despite agreeing on terms for a reduced penalty and lifting an injunction, Judge Torres deemed the filing inaccurate under Federal Rule of Civil Procedure 62.1. Ripple now faces the full $125 million penalty and an ongoing injunction that restricts their operations. 🚨 The case remains unresolved as Ripple grapples with options: refile their motion using the correct procedure, seek a partial modification of the fine while retaining the injunction, or continue appeals. Legal experts indicate these procedural challenges are common in complex financial litigation.