Ripple and SEC Seek Resolution: Judge Likely to Approve Joint Motion to End Lawsuit

Key Terms of the Proposed Settlement
1. Legal Experts Lean Towards Approval
2. Implications for Ripple and the Broader Crypto Market

After nearly five years of intense litigation, the legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) appears to be nearing a conclusion. Both parties have filed a joint motion requesting Judge Analisa Torres to approve a proposed settlement, which would dissolve the civil injunction against Ripple and reduce its previously imposed penalty. Legal experts are weighing in, with a prevailing sentiment that the judge will likely grant the motion.

Key Terms of the Proposed Settlement

The joint motion, filed on June 12, proposes a settlement whereby Ripple would pay $50 million to the SEC, with the remaining $75 million from a $125 million escrowed penalty returning to Ripple. The primary aim of this agreement is to bring finality to the protracted dispute, avoid further appeals, and conserve court resources. This signifies a collaborative effort to resolve the outstanding legal and financial uncertainties surrounding XRP.

Legal Experts Lean Towards Approval

Prominent crypto attorney John E. Deaton, founder of CryptoLaw, estimates a 70% chance that Judge Torres will approve the requested relief. While Deaton expressed some disappointment that the motion didn't more directly acknowledge the SEC's past "arbitrary and capricious" enforcement actions or highlight the competitive disadvantage Ripple faces due to the lingering injunction, he believes the judge may favor finality over continued litigation. Another legal expert, Bill Morgan, also commented that despite the motion's content not being "more convincing the more you read it," he "just has a feeling she's going to grant the motion anyway."

Implications for Ripple and the Broader Crypto Market

Should Judge Torres approve the joint motion, it would formally conclude one of the most closely watched cases in cryptocurrency regulation. For Ripple, the dissolution of the injunction would remove significant regulatory constraints, potentially reopening doors for institutional partnerships and expanding the utility of XRP globally. The decision could also set a crucial precedent for how crypto-related legal disputes are resolved through cooperation, offering a path towards greater regulatory clarity for the digital asset industry.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Cryptocurrency Regulation XRP Ripple SEC lawsuit settlement legal John Deaton Judge Analisa Torres

Ripple and SEC Seek Resolution: Judge Likely to Approve Joint Motion to End Lawsuit

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.