The legal dispute between Ripple and the SEC is nearing its conclusion, but new circumstances have recently emerged. Both sides have approached the court with requests to modify certain previously determined penalties.
Ripple and SEC's Request to Modify Penalties
Recently, Ripple and the SEC jointly filed a motion requesting the court to consider changing part of the final judgment, especially regarding relief and penalties. Former SEC lawyer Marc Fagel explained that both parties are trying to revise the $125 million penalty and the injunction that prevents Ripple from making similar unregistered sales in the future. Interestingly, Ripple added a follow-up letter arguing that dissolving the injunction wouldn’t exempt them from following securities laws.
Who's Causing the Delay—Ripple or the SEC?
The situation has left many in the crypto community wondering who is actually causing the delay. XRP lawyer Bill Morgan responded by stating that it’s not the SEC dragging its feet, but rather Ripple that is asking for more. He pointed out that the SEC has shown a willingness to cooperate, especially in dissolving the injunction. Marc Fagel added that charges were brought under previous SEC leadership, not Gary Gensler, and the case is now waiting on a judge’s decision, not stalled by the SEC.
SEC Appeal Changes Ripple’s Strategy
According to Morgan, the SEC’s recent shift in enforcement strategy has made Ripple bolder. He suggested that if the judge agrees to the joint request, a final settlement could happen within weeks. However, now Ripple sees an opportunity to push for better terms. The appeal gave Ripple a reason to aim higher, hoping for a more favorable outcome.
Until then, all eyes are on Judge Torres as the court decides whether to grant the relief modification and bring this high-profile case to a close.
