The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is far from over. Judge Analisa Torres, who has been overseeing the high-profile case, has officially rejected a recent settlement request from both parties, throwing the future of the lawsuit into uncertainty once again.
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, as Judge Analisa Torres has officially rejected a recent settlement request from both parties.
The future of the lawsuit remains uncertain after Judge Torres, who has been overseeing the high-profile case, threw the request back into the mix.
Recently, both Ripple and the SEC agreed to settle their long-running legal dispute, aiming to wrap things up quickly. However, Judge Torres denied their joint request, calling it “procedurally improper.”
If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper. The parties’ request is made by implication under Rule 62.1, applicable when a case is on appeal. But this case is not on appeal.
— Judge Torres (Analisa)
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