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Judge Torpedoes Ripple-SEC Settlement Over ’Procedural Flaws’—XRP Left in Legal Limbo
Judge Torpedoes Ripple-SEC Settlement Over ’Procedural Flaws’—XRP Left in Legal Limbo
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A federal judge just handed Ripple and the SEC a mutual L—rejecting their proposed settlement in a move that reeks of bureaucratic gridlock. The ruling cites ’procedural flaws,’ which in regulator-speak means ’we didn’t dot our i’s while burning taxpayer money.’
XRP holders now face extended uncertainty as the crypto’s legal status remains Schrödinger’s security—both alive and dead until the courts decide. Meanwhile, lawyers on both sides are quietly high-fiving over billable hours.
Final thought: When even the compromise gets compromised, maybe the real flaw is expecting efficiency from a system that still uses fax machines.
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