Court Rejects Ripple and SEC’s $50 Million Settlement Proposal

TL;DR A U. S. federal court rejected the $50 million settlement between Ripple and the SEC, considering it improper and beyond its jurisdiction. The judge noted that, aside from lacking authority while the case remains under appeal, the motion failed to provide sufficient legal grounds. Ripple clarified that this setback does not affect its previous favorable. . . source: https://crypto-economy.com/court-rejects-ripple-and-secs-50-million-settlement-proposal/