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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"1011 Insider Whale" closed a 5x short position of 5,000 ETH, earning approximately $55,000 in profit.
ETH ICO address transfers nearly $120 million worth of ETH to a new wallet after 10 years
Trending news
MoreCrypto prices
More
