Ripple has filed a joint report with the SEC, requesting a pause on appeals in the U.S. Court of Appeals. This action follows a recent motion to amend the final ruling by Judge Analisa Torres.
Motion to Amend Judgment
The recent request from Ripple and the SEC to Judge Analisa Torres is aimed at modifying the final ruling. The parties filed this motion to potentially simplify the resolution of their legal disputes.
Agreement on Fine
In April, Ripple and the SEC filed a motion to hold appeals in abeyance after reaching a settlement agreement. The SEC agreed to reduce the monetary penalty for Ripple to $50 million and requested the court lift the injunction imposed in August on selling XRP tokens to institutions in the U.S.
Future Predictions
Judge Torres has indicated that there are no compelling reasons to amend the final ruling if the case were to be remanded to the district court. However, the parties cited 'exceptional circumstances' for their recent high-stakes motion. Predictions regarding the case remain uncertain, and pro-X lawyer John Deaton does not expect a quick amendment of the final judgment.
The situation surrounding Ripple and the SEC continues to evolve. The anticipated process of amending the legal ruling may significantly influence the future steps of both parties in this legal battle.
