$XRP U.S. District Judge Analisa Torres declined to grant the parties' request for a "preliminary ruling." This verdict blocks Ripple's attempts to overturn the injunction and reduce the penalty.

Previously, the fintech startup Ripple and the U.S. Securities and Exchange Commission (SEC) asked the court to approve a settlement agreement to resolve the dispute without appeals. However, on June 26, Judge Torres completely rejected the petition and ordered the secretary to cease its consideration.$WCT $QUICK