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Why XRP Is Going Down: Price Falls 3% After Court Denies Settlement Deal
A U.S. federal judge has denied a joint request by the Securities and Exchange Commission and Ripple Labs to approve a reduced $50 million settlement and dissolve a prior court injunction in the agency’s long-running case against the crypto firm, Reuters reported. U.S. District Judge Analisa Torres in Manhattan rejected the motion on Thursday, stating that the parties failed to demonstrate exceptional circumstances that would justify setting aside her earlier ruling. This latest development has caused a decline in the price of XRP, now ranked 4th with a market capitalization of more than $125 billion. At the time ... (full story)
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