The long legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be nearing its conclusion if Judge Analisa Torres approves the joint motion filed by both parties.
Overview of Ripple and SEC Cases
The legal battle between Ripple Labs and SEC has been ongoing for several years, becoming one of the most notable cases in the crypto industry. Now, both parties have submitted a joint motion requesting the court to amend the final judgment in their case.
Terms of the New Settlement
The parties proposed lifting a prior injunction and approving a restructured $125 million settlement. The proposal includes revised penalty terms, with SEC receiving $50 million and the remaining amount being returned to Ripple.
Expert Analysis and Public Opinion
Bill Morgan, a legal supporter of XRP, expressed hope that the motion will be approved, noting that the lowering of penalties and the suggested abolition of the permanent injunction could positively influence Judge Torres's decision. However, others, like attorney Fred Rispoli, criticized the motion for its lack of depth and strategic orientation.
The court's decision on the joint motion will be a key determinant in this high-profile case. If the judge is convinced by the modified terms, this could mark the end of a multi-year legal marathon for Ripple and SEC.
