<ul data-eligibleForWebStory="true">Judge Torres has denied Ripple and the SEC's request for a private settlement, upholding the public ruling from July 2023.The court emphasized that private agreements cannot supersede formal judgments, limiting legal options for both parties.Ripple and the SEC must provide a status update in August on whether they will appeal or finalize a settlement.The decision poses a significant hurdle in Ripple's legal battle with the SEC, with potential implications on the ongoing dispute timeline.