Ripple Labs and the U.S. SEC filed a joint motion for settlement, suggesting modifications to the original judgment in light of changing regulations.
Settlement Details and Legal Opinions
The joint motion by Ripple and SEC proposes a reduction of the $125 million penalty. Under the proposal, $50 million will go to the SEC, while $75 million will return to Ripple. Lawyer Bill Morgan stated, "The strongest argument by the parties in the joint motion is that modifying the final judgment is a key step, especially given the evolving regulatory landscape and desire to avoid further litigation."
Impact on XRP and the Crypto Community
The legal proceedings have influenced XRP, Ripple's native token. Although there is no explicit on-chain data indicating current shifts, historical trends show that XRP prices are sensitive to legal developments. No major exchange actions, such as delisting or relisting XRP, have been reported in response to the latest motion. If approved, the motion could positively impact Ripple's market stability, encouraging greater transparency in regulatory practices.
Expectations from Judge's Decision
Judge Analisa Torres will need to approve the joint motion. Legal analysts are optimistic about the potential outcome of the case, with market observers and XRP stakeholders closely watching how the legal battle resolves.
A reduced penalty would enable Ripple to continue its operations without the uncertainty that has historically affected its activities and market presence.
