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Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws'

Judge Analisa Torres rejected the proposed $50 million settlement, saying the joint request was filed improperly and lacked required legal justification.

Updated May 16, 2025, 4:37 p.m. Published May 16, 2025, 12:42 p.m.
U.S. SEC headquarters in Washington (Jesse Hamilton/CoinDesk)