Altcoins News
By Maheen Hernandez
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Ripple Labs has taken a major step forward in its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), as both parties have officially submitted a…
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The case, which began in December 2020, has had a major impact on the cryptocurrency industry, especially on XRP, the native token of the Ripple network.
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According to well-known attorney James K. Filan, Judge Analisa Torres will first review the proposed settlement to determine whether it aligns with the public interest.
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Legal experts outline four key steps that must be completed before Ripple can declare final victory in its case against the SEC.
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If Judge Torres approves the settlement, both Ripple and the SEC will file a joint request to the Second Circuit Court of Appeals.
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The third step involves both parties filing a formal joint motion with Judge Torres to implement these actions.
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Throughout the legal battle, the XRP community has remained vocal and active. Attorney Bill Morgan highlighted that over 80,000 XRP holders joined attorney John Deaton to…
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This sentiment, Morgan argues, strengthens Ripple’s case that the settlement—including the $50 million fine and return of escrow funds—is in the public’s best interest.
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While enthusiasm is high among Ripple supporters, some legal experts are taking a more cautious view.
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Still, momentum appears to be on Ripple’s side. With regulators shifting their stance toward more crypto-friendly approaches and Ripple showing strength in its legal positioning,…
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