Source: Bitcoin.com
“A federal judge has blocked the SEC and Ripple’s joint settlement agreement in the case over XRP, escalating the legal drama and rattling momentum across the crypto landscape. … The case stems from a 2020 lawsuit filed by the SEC, alleging Ripple Labs unlawfully offered and sold XRP as unregistered securities in violation of the Securities Act of 1933. Following years of litigation, a partial summary judgment in 2023 favored Ripple, concluding that its programmatic sales and other distributions of XRP were not securities transactions. However, a final judgment in 2024 imposed a $125 million penalty on Ripple, the enforcement of which was stayed during appeal. On May 8, 2025, Ripple and the SEC reached a settlement agreement proposing to dissolve the injunction and reduce the penalty to $50 million—a 60% reduction—contingent upon court approval.” (05/15/25)
https://news.bitcoin.com/judge-denies-ripple-sec-motion-over-xrp-leaving-case-in-legal-limbo/