One Week After Settlement Snag, Ripple And SEC Yet To File Correction As XRP Market Waits

Ripple SEC settlement rejection last week by Judge Torres over filing errors extends XRP uncertainty. Market awaits Ripple & SEC’s next move on a corrected settlement after the May 15 denial. Despite the legal setback, XRP price shows some recovery this week; technicals hint at potential breakout. The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is far from over. Judge Analisa Torres, who has been overseeing the high-profile case, has officially rejected a recent settlement request from both parties, throwing the future of the lawsuit into uncertainty once again. A few weeks ago, Ripple and the SEC had agreed to settle their long-running legal dispute, aiming to wrap things up quickly. However, Judge Torres denied their joint request, calling it “procedurally improper.” In simple terms, the court said they didn’t follow the correct legal process when filing their request. #XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has denied the parties’ motion for an indicative ruling. “If jurisdiction were restored to this Court, the Court would deny the parties’ motion as procedurally improper.” … The post One Week After Settlement Snag, Ripple And SEC Yet To File Correction As XRP Market Waits appeared first on Coin Edition .

Source: Coin Edition