币界网报道：A U.S. judge has rejected the Securities and Exchange Commission's (SEC) proposed $2 billion settlement with Ripple Labs, citing concerns over the regulator's requested injunction terms. The ruling comes as part of the ongoing legal battle where the SEC alleges Ripple conducted an unregistered securities offering through its XRP token sales. While the court didn't disclose specific reasons for rejecting the settlement, legal experts suggest the judge may have found the SEC's proposed restrictions on Ripple's business operations overly broad. This development marks another twist in the three-year case that has significant implications for cryptocurrency regulation. Ripple's chief legal officer previously called the SEC's demands "unprecedented," arguing they would effectively regulate the company out of existence. The case continues to be closely watched as it could set important precedents for how digital assets are classified under U.S. securities laws.