In the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC), US District Judge Analisa Torres has ordered both parties to discuss a potential settlement. This directive comes in line with her ruling on the SEC's interlocutory appeal request.
Both parties, along with their counsels, have been mandated by Judge Torres to hold an in-person meeting for at least an hour before the final pretrial conference set for April 16, 2024. This order is consistent with the previous ones given by Magistrate Sarah Netburn, who is supervising the SEC v. Ripple pretrial proceedings.
Following the court's summary judgment on July 13, 2023, Ripple and the SEC were directed to select three dates for a settlement conference if they deemed it beneficial. Despite having two settlement conferences since then, a resolution has yet to be reached.
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