The recent joint motion filed by Ripple and the SEC marks a pivotal moment in the ongoing XRP lawsuit, emphasizing key arguments that could lead to a settlement.
This motion seeks to modify the final judgment by lifting the injunction on XRP institutional sales and reallocating penalties, reflecting shifts in regulatory approaches.
Pro-Ripple lawyer Bill Morgan highlights that the modification of Judge Torres’s final orders is essential for the settlement, underscoring the motion’s strategic importance.
Ripple and SEC’s joint motion aims to amend final orders, lifting XRP restrictions and adjusting penalties, signaling a potential resolution in the high-profile lawsuit.
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The joint motion submitted by Ripple and the SEC represents a significant step toward resolving a legal dispute that has spanned over four years. Central to this motion is the request to lift the injunction on XRP institutional sales, which would allow Ripple to resume broader market activities previously restricted by the court. Additionally, the motion proposes a reallocation of penalties, with $75 million directed to Ripple and $50 million to the SEC, reflecting a negotiated settlement rather than a punitive judgment.
This approach signals a pragmatic shift in both parties’ strategies, aiming to avoid prolonged litigation and conserve judicial resources. The motion also references recent changes in SEC enforcement policies and case dismissals, framing these as “exceptional circumstances” that justify amending the final orders. Such legal maneuvering highlights the evolving regulatory landscape surrounding digital assets and the importance of adaptive judicial responses.
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Source: https://en.coinotag.com/lawyer-highlights-potential-key-argument-in-ripple-sec-joint-motion-for-case-resolution/