Ripple's settlement with the SEC in the XRP lawsuit faces a procedural hurdle as Judge Analisa Torres refuses to approve a joint motion.
Attorney John E. Deaton describes the order as a 'curveball' and mentions a 'heavy burden' that both parties must overcome for any relief.
Judge Torres criticizes the motion for not addressing the exceptional circumstances required under Rule 60, indicating the need for a properly framed argument.
The development may cause further delays, with Deaton predicting a prolonged resolution despite the prior victories of Ripple in the case.