US court rejects SEC lawsuit over Ripple settlement, to be resumed after strict procedures are followed

It has been reported that a US court has rejected Ripple's request for settlement with the Securities and Exchange Commission (SEC). On the 15th, attorney James K. Filan announced through X that "the SEC has
"We asked the court to lower the fine and lift the ban on XRP sales, but our request was rejected," he said.
Earlier, the SEC reduced Ripple's fine from $125 million to $50 million, ending the legal battle.
The court found the settlement procedures to be improper. Attorney Rispoli predicted that "Ripple and the SEC will likely follow the procedures and move forward with the settlement again."
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