U.S. Judge Analisa Torres rejected the joint motion filed by the SEC and Ripple, deeming it 'procedurally improper', which puts the previously agreed settlement to reduce civil penalties from $125 million to $50 million in uncertainty. The initial injunction and fines remain in effect, and if the parties do not submit a procedurally compliant new motion, the appeal process may be reinstated. Following this news, the price of XRP fell nearly 5%, raising concerns among investors.