Ripple SEC Settlement Rejected Again: XRP Lawsuit Update

Judge Analisa Torres of the Southern District Court of New York has denied Ripple and the SEC's renewed attempt to settle their ongoing lawsuit, according to Crypto-In America's Eleanor Terrett. The parties sought to finalize the case through a settlement agreement, bypassing further rulings. Judge Torres clarified that private agreements cannot supersede public rulings. A resolution necessitates either withdrawing the appeal or formally objecting to the existing judgment. Ripple and the SEC had requested an indicative ruling on a proposed settlement, which included lowering Ripple's fine from $125 million to $50 million and lifting restrictions on XRP sales. This rejection throws further uncertainty into the future of XRP and Ripple's operations in the United States. Legal experts anticipate continued legal maneuvering as both sides seek a favorable outcome. The initial lawsuit alleged that Ripple's sale of XRP constituted an unregistered securities offering. ```