Judge Torres Blocks Ripple and SEC's $50M Settlement Motion
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Judge Analisa Torres has denied a joint motion by Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to amend the final judgment in their ongoing legal battle. This decision blocks a proposed $50 million settlement and maintains legal constraints on institutional sales of XRP. The ruling prolongs the uncertainty surrounding Ripple's operations and its cryptocurrency, XRP, as the case continues to unfold in court.