US Judge Dismisses Previous Settlement Proposal Between Ripple and SEC Due to Jurisdiction and Procedural Issues
Foresight News reports that a U.S. federal judge has dismissed a $50 million settlement proposal between Ripple Labs and the U.S. Securities and Exchange Commission due to jurisdictional and procedural issues. The case involves allegations of unregistered XRP sales by Ripple and is currently under appeal. Ripple's Chief Legal Officer stated that the order will not affect Ripple's previous legal victories, and both parties plan to resolve the issue together.
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