A federal judge has rejected a joint request by Ripple Labs and the U.S. Securities and Exchange Commission (SEC) to approve a proposed $50 million settlement.

In a ruling issued Thursday, U.S. District Judge Analisa Torres said the parties' motion was not only outside her jurisdiction, as the case is currently on appeal, but also “procedurally improper.”

Even if she did have authority to act, Torres wrote, the request failed to meet the standards required for modifying a final judgment. The case is already under appeal

The lawsuit, first filed in December 2020, accused Ripple of raising $1.3 billion through unregistered XRP sales.

Meanwhile, Ripple Chief Legal Officer Stuart Alderoty said in an X post that "nothing in today’s order changed Ripple’s wins."

"This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together," he said.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。