According to Gate News bot, legal experts clarify that concerns about the delay of the lawsuit against Ripple Labs by the SEC due to XRP are largely unfounded and unlikely to materialize, hence the optimism surrounding the XRP legal dispute is increasingly rising.
On June 22, after a user indicated that the legal dispute between the SEC and Ripple regarding XRP could last until the end of 2026, lawyer Bill Morgan shared his views on the recent social media discussions.
Morgan outlined why such predictions do not align with the current legal trajectory, stating, "Unless Judge Torres dismisses the latest joint motion, this scenario is unlikely to happen. Unless the judge makes a common-sense decision to accept summary judgment, current penalties, and a permanent injunction, the settlement process will be completely interrupted, and both parties will appeal. This is unlikely to happen."
Ripple and the SEC are currently awaiting a ruling from District Judge Analisa Torres on their joint motion to modify the settlement in the XRP lawsuit. The updated filing was submitted on June 12, seeking to reduce Ripple's civil penalty from $125 million to $50 million and lift the ban on institutional XRP sales, citing "special circumstances" under Rule 60(b)(6) to correct procedural errors that occurred during the first attempt in May. If the motion is denied, both parties may continue their respective appeals, which could extend the timeline for the case.
Legal experts emphasize that unless the latest motion is unexpectedly rejected by the judiciary, the likelihood of extending the appeal is negligible, which enhances confidence in more efficient solutions. The Ripple v. SEC case has been ongoing since 2020, focusing on whether Ripple's sale of XRP coins constitutes an unregistered securities offering.
Many people in the cryptocurrency community believe that these developments are a step towards clearer regulation for XRP. The market continues to pay attention, and confidence in Ripple's increasingly strong position is growing. Ripple CEO Brad Garlinghouse expects that XRP is likely to account for 14% of SWIFT's global cross-border payment volume within five years, highlighting the liquidity role that this cryptocurrency plays in information transmission.
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Ripple lawsuit update: Lawyers alleviate concerns about XRP dispute latency, the case is gradually being resolved.
According to Gate News bot, legal experts clarify that concerns about the delay of the lawsuit against Ripple Labs by the SEC due to XRP are largely unfounded and unlikely to materialize, hence the optimism surrounding the XRP legal dispute is increasingly rising.
On June 22, after a user indicated that the legal dispute between the SEC and Ripple regarding XRP could last until the end of 2026, lawyer Bill Morgan shared his views on the recent social media discussions.
Morgan outlined why such predictions do not align with the current legal trajectory, stating, "Unless Judge Torres dismisses the latest joint motion, this scenario is unlikely to happen. Unless the judge makes a common-sense decision to accept summary judgment, current penalties, and a permanent injunction, the settlement process will be completely interrupted, and both parties will appeal. This is unlikely to happen."
Ripple and the SEC are currently awaiting a ruling from District Judge Analisa Torres on their joint motion to modify the settlement in the XRP lawsuit. The updated filing was submitted on June 12, seeking to reduce Ripple's civil penalty from $125 million to $50 million and lift the ban on institutional XRP sales, citing "special circumstances" under Rule 60(b)(6) to correct procedural errors that occurred during the first attempt in May. If the motion is denied, both parties may continue their respective appeals, which could extend the timeline for the case.
Legal experts emphasize that unless the latest motion is unexpectedly rejected by the judiciary, the likelihood of extending the appeal is negligible, which enhances confidence in more efficient solutions. The Ripple v. SEC case has been ongoing since 2020, focusing on whether Ripple's sale of XRP coins constitutes an unregistered securities offering.
Many people in the cryptocurrency community believe that these developments are a step towards clearer regulation for XRP. The market continues to pay attention, and confidence in Ripple's increasingly strong position is growing. Ripple CEO Brad Garlinghouse expects that XRP is likely to account for 14% of SWIFT's global cross-border payment volume within five years, highlighting the liquidity role that this cryptocurrency plays in information transmission.