Settlement Denied: XRP Drops After Ripple Hits Legal Roadblock

Ripple’s bid to wrap up its long‑running fight with the US Securities and Exchange Commission hit a snag on May 15. A federal judge in New York tossed out the deal because it was filed the wrong way. This hiccup doesn’t change past rulings, but it does force both sides back to the drawing board. Related Reading: Ticking Clock To $200K: Bitwise CIO Predicts Bitcoin’s Price Explosion Court Blocks Settlement Motion According to court papers, Judge Analisa Torres ruled that Ripple and the SEC used the wrong rule to ask for a change source: https://www.newsbtc.com/altcoin/settlement-denied-xrp-drops-after-ripple-hits-legal-roadblock/