According to PANews, U.S. District Judge Analisa Torres of the Southern District of New York has dismissed a joint motion for an indicative ruling filed by the U.S. Securities and Exchange Commission (SEC) and Ripple. The SEC had previously sought a permanent injunction against Ripple for alleged securities law violations and significant penalties. However, the court has not accepted this request, leading to the termination of the motion. The case will continue to proceed in court.

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