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Ripple CLO Clarifies Impact of Blocked Settlement
Ripple's Chief Legal Officer (CLO) has provided insights into the implications of the judge's decision to block a proposed settlement between Ripple and the U.S. Securities and Exchange Commission (SEC). The CLO emphasized that this development does not alter Ripple's previous legal "win" in the ongoing case.
Judge's Decision and Settlement Context
The judge's decision to reject the settlement proposal introduces a new layer of complexity to the legal proceedings. The proposed settlement aimed to resolve certain aspects of the case, but the court has opted not to approve it.
Ripple's Position on Prior Ruling
Ripple's CLO maintains that the core elements of Ripple's earlier legal "win" remain unaffected by this recent development. The company believes that the court's prior rulings in its favor still stand.
Ongoing Legal Battle
The legal battle between Ripple and the SEC continues to unfold, with both parties addressing various aspects of the case. The recent decision regarding the settlement adds another dimension to the complex and closely watched legal proceedings.