Lawyer Reveals Strongest Argument in Ripple-SEC Joint Motion

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Will the Court Finally Get It Right? 🤔💼

As the XRP lawsuit lumbers towards what might be a resolution—if one can call it that—our dear pro-Ripple lawyer, Bill Morgan, has unearthed what he claims to be the pièce de résistance in the recent joint motion filed by Ripple and the SEC. This motion, a veritable love letter to legalese, seeks to modify the final judgment in a four-year saga that has all the excitement of watching paint dry.

According to the ever-optimistic Morgan, the most compelling argument is that lifting the injunction and adjusting the penalty are absolutely essential for the settlement between these two titans of tedium. Ripple and the SEC are beseeching Judge Analisa Torres to remove the shackles on XRP institutional sales and reallocate penalties—$75 million to Ripple and a paltry $50 million to the SEC. Because, you know, fairness is key in a courtroom drama.

The strongest argument in the joint motion is that the modification of the final orders of Judge Torres is a necessary condition of the settlement agreement between the SEC and Ripple, and that if the final orders are modified by reducing the amount of the fine and dissolving the…

— bill morgan (@Belisarius2020) June 15, 2025

Morgan, ever the optimist, suggests that this maneuver could save the court time and spare us all from further litigation—because who doesn’t want to avoid more legal wrangling? The joint filing also cites changes in SEC policy and recent case dismissals as signs of “exceptional circumstances.” Exceptional, indeed! It’s almost as if they’re trying to convince the court that they deserve a gold star for effort.

However, critics, those ever-joyful naysayers, warn that the court may very well reject the motion. The standard for “exceptional circumstances” is as high as a cat on a hot tin roof, and merely wanting to settle might not cut the mustard. Morgan, in a moment of rare candor, admits that the court may feel pressured, quipping, “The parties are really imposing a fait accompli.” Ah, the sweet scent of desperation!

Despite the looming specter of rejection, Morgan clings to the hope that Judge Torres might just approve the motion. Pro-XRP lawyer John Deaton even dares to suggest a 70% chance of it being granted. A bold prediction, indeed! 🎩

Yet, if Judge Torres decides to rule with the swiftness of a caffeinated squirrel, as she did in dismissing the last joint motion in a mere seven days, it could spell disaster for Ripple. All eyes are now glued to the court, as whispers of a decision early this week flutter about like moths to a flame.

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2025-06-16 09:41