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Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws' Coindesk 16 May 2025

Ripple-SEC Bid for XRP Settlement Rejected by Judge Citing 'Procedural Flaws' ⚖️

Ripple's efforts to settle with the SEC concerning XRP have been thwarted as a judge dismissed the bid, citing 'procedural flaws' in their approach. This setback is a notable development in the prolonged legal dispute over the cryptocurrency's status.

The rejection underscores the legal complexities Ripple faces and adds another layer of challenge to resolving the case, which has significant implications for the wider crypto industry.

Source: www.coindesk.com ↗

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