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, including a requested permanent injunction, stating the regulator failed to demonstrate how future violations would likely occur. The ruling comes after the SEC accused Ripple of illegally raising $1.3 billion through unregistered XRP token sales. While the court previously determined Ripple's institutional sales violated securities laws, it ruled programmatic sales did not. The judge noted the SEC provided no evidence Ripple would breach securities laws again, calling the injunction "unwarranted." Ripple's chief legal officer welcomed the decision, calling it a "huge win" that reinforces the company's position. The SEC now faces pressure to justify its enforcement approach as the case continues shaping cryptocurrency regulation boundaries.