So, here we are, another day, another legal battle. This time, it’s Ripple Labs and the SEC, and they’re trying to wrap things up with a joint motion. Can you believe it? They’re actually working together now. 🤷♂️
They’re asking Judge Analisa Torres to amend the final judgment, lift a prior injunction, and approve a restructured $125 million settlement. Ripple gets to keep more of the money, and the SEC gets to say they did something. Win-win, right? 🙃
Both sides are saying this is to avoid more litigation, but let’s be real, they’re just tired of the whole thing. They’re citing “extraordinary conditions” and hoping Judge Torres buys it. I mean, who doesn’t love a good extraordinary condition? 🤔
Bill Morgan, one of Ripple’s legal supporters, is all hopeful. He thinks the motion will be granted because of the reduced penalties and the abolition of the permanent injunction. He’s calling it a “common sense and strategic solution.” But let’s not get ahead of ourselves. 🙄
Not everyone is on board, though. Attorney Fred Rispoli is being his usual critical self, wondering about the depth of the motion and its strategic orientation. He’s not buying it, and he’s not wrong. It’s like when you try to fix a leaky faucet with duct tape—sure, it might work for a bit, but it’s not a real solution. 🛠️
So, what’s next? Well, Judge Torres has to decide. If she’s convinced by the “exceptional circumstances,” then maybe, just maybe, this whole thing will finally be over. But if not, we’re back to square one, and the crypto industry will be watching every move. 🕵️♂️
Also read: XRP Whale Dumps $60M to Coinbase, Price to Drop Further?
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2025-06-13 20:05