Ripple vs SEC Lawsuit May Be Reaching Its Final Chapter

The lawsuit between Ripple and the SEC is approaching a settlement, as Judge Torres is expected to approve the latest joint motion submitted by both parties.

Ripple Vs Sec Lawsuit May Be Reaching Its Final Chapter

The ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn as both parties jointly submitted a motion to the court. Lawyer Bill Morgan believes that Judge Analisa Torres is likely to approve the motion, despite his own reservations about its content.

In a post on social media platform X, Bill Morgan shared his reaction after reviewing the joint motion: “The more I read today’s joint motion from Ripple and the SEC, the less impressive and convincing it seems. Still, I have a feeling Judge Torres will approve it.”

On June 12, Ripple and the SEC jointly petitioned the Manhattan District Court to lift the existing injunction in their years-long legal battle. They also requested the release of a $125 million civil penalty currently held in escrow. Under the settlement proposal, $50 million would go to the SEC, while the remaining amount would be returned to Ripple—potentially bringing the ongoing appeal and cross-appeal processes to an end.

Joint Motion Is Key to Ripple vs SEC Settlement

Bill Morgan On X
Bill Morgan On X

In a more detailed analysis, Bill Morgan emphasized that Judge Torres’ decision on this joint motion is crucial for resolving the Ripple vs SEC case. He explained: “Relief from the judgment is a necessary condition for settlement.”

According to Morgan, both parties cited legal precedents allowing a judgment to be modified under exceptional circumstances to enable settlement and avoid lengthy appeals. If Judge Torres denies the motion, the current settlement would become unenforceable, and the lawsuit would continue with ongoing appeal and cross-appeal proceedings.

Some Experts Remain Disappointed

Echoing Morgan’s sentiment, lawyer Fred Rispoli also voiced his disappointment with the motion’s content. He argued that Ripple and the SEC missed the opportunity to present a more comprehensive filing that addressed the SEC’s regulatory shortcomings in the crypto space, included statements from SEC commissioners, and offered a degree of acknowledgment from Ripple for its alleged violations.

Nonetheless, Rispoli acknowledged that, from a legal standpoint, both parties have provided sufficient grounds for the court to grant the motion. However, the ultimate decision rests with Judge Torres’ discretion.

Love

0.0/5

Love

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338