<ul><li>A judge rejected the SEC and Ripple's request for an indicative ruling on a $50 million settlement, leading to a procedural setback in their high-profile case.</li><li>The court lacks jurisdiction to approve the deal due to an ongoing appeal at the U.S. Court of Appeals for the Second Circuit.</li><li>An indicative ruling allows a district court to signal potential decisions on motions if the case were remanded from an appellate court, but the judge declined to issue one in this case.</li><li>Ripple and the SEC have been engaged in a legal battle since 2020, with recent attempts at settlement being impacted by the ongoing appellate process.</li></ul>

Judge Rejects SEC and Ripple Request for Indicative Ruling on $50M Settlement

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