🔥Conflict Escalation? Ripple's Battle with Regulators Sparks New Waves! Court Denies Settlement, Next Steps Are Crucial!

🚫 Latest Developments:

On May 16, a district court judge rejected the joint settlement motion filed by Ripple and regulators due to improper procedures, and the case is still in the appeals stage, which is outside her jurisdiction. Even if she had the authority, she would deny the motion because it does not comply with the relief provisions of the judgment.

⚖️ Lawyer's Perspective:

Legal experts point out that the settlement is still valid; it just took the wrong procedural route. Both parties can attempt to submit a new motion for 'procedural compliance' and request the appellate court to handle the matter with 'limited remand'.

💰 Current Progress Shows that Ripple is Willing to Pay a $50 Million Civil Fine (reduced from the originally proposed $125 Million) and is Awaiting Approval from the Higher Court to Officially Close the Case.

📌 The Key Issue Is Not Winning or Losing, but the Process! Ripple's Victory on XRP Not Being a Security Remains Valid; it is Currently Just a Procedural Backtrack.

📣 Upcoming Points of Interest: Will Ripple and the Regulators Be Able to Collaborate Smoothly with the Court to Quickly Resolve the Remaining Disputes? This Tug-of-War Is Far from Over……