According to @FoxNews, New York District Judge Analisa Torres has rejected a joint settlement request from the SEC and Ripple Labs, which would have lowered Ripple's penalty to $50 million. The judge's primary concern was the removal of a permanent injunction, stating there remains a 'reasonable probability' that Ripple would continue violating federal securities laws. This marks the second time Judge Torres has denied such a request. Despite this legal setback for Ripple, XRPUSDT has risen 3.80% to $2.2803 in the last 24 hours. In other regulatory news, a bipartisan stablecoin bill has passed the U.S. Senate, moving to the House. This development coincides with reports that an entity affiliated with President Trump and his family has reduced its stake in World Liberty Financial, a crypto firm with its own stablecoin, from 60% to 40%. The broader crypto market shows bullish sentiment, with Bitcoin (BTC) trading at $109,242.73 and Ethereum (ETH) at $2,598.95.

According to @QCompounding, the tokenization of real-world assets (RWA) is rapidly advancing beyond its initial phase, now boasting over $20 billion in tokenized assets with significant involvement from major institutions like BlackRock and KKR. Key drivers for this growth include maturing blockchain infrastructure (Layer 1s and 2s), clearer regulatory frameworks, and the rise of tokenized treasuries as superior collateral. In a major development for the crypto market, Ripple and the SEC have jointly filed a motion to settle their long-standing lawsuit. The proposal involves releasing $125 million from escrow, with $50 million going to the SEC and $75 million returned to Ripple, a move aimed at removing legal uncertainty for the XRP token. Based on the provided market data, XRP is currently trading around $2.18, showing a slight 24-hour gain. Other major assets mentioned include Solana (SOL) at approximately $151.58 and Chainlink (LINK) at $13.30.