Altcoins News
By Sakamoto Nashi
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The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may be heading toward a major shift.
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Attorney Bill Morgan, who closely follows the XRP case, shared his view that Judge Torres will likely grant the motion, even if its content isn’t particularly compelling.
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Ripple and SEC Request Court Approval for Key Settlement Terms
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On June 12, Ripple and the SEC jointly asked the Manhattan District Court to lift an existing injunction that has restricted Ripple's operations.
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Under the proposed terms, $50 million of that amount would go to the SEC, while the remaining $75 million would be returned to Ripple.
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Though such a request may seem procedural, it represents a significant development in the overall legal landscape for XRP.
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Legal Experts Divided Over Motion’s Strength, But Not Its Impact
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Despite its importance, some experts have expressed disappointment with the motion’s quality.
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Another prominent voice in the crypto legal community, attorney Fred Rispoli, also weighed in.
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Rispoli had hoped for a stronger approach — such as a more thorough explanation of the SEC’s past failures in regulating crypto and clearer acknowledgment of Ripple’s prior…
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Why Judge Torres’ Decision Matters So Much
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Bill Morgan emphasized that the approval of the joint motion is not just a step forward — it is likely the single most important condition needed to finalize the Ripple-SEC…
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Morgan stated, “Relief from the judgment is a necessary condition of settlement.” He also pointed out that if the judge rejects the motion, the current agreement would be void,…
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Given that this case has been closely monitored by regulators, exchanges, and crypto investors, the outcome of this motion carries implications beyond Ripple itself.
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The Larger Context: Ripple, XRP, and Crypto Regulation
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