A leading cryptocurrency lawyer forecasts a 70% likelihood that the court will grant Ripple and the SEC’s request to lift a key legal injunction and resolve financial sanctions.
Ripple and the SEC are seeking to lift the legal injunction — Deaton predicts a 70% chance of court approval.
Attorney and cryptocurrency advocate John E. Deaton stated on June 13 via the social platform X that in the ongoing legal case regarding XRP between Ripple and the U.S. Securities and Exchange Commission (SEC), Judge Analisa Torres may grant the company's request for release.
Ripple and the SEC jointly filed a motion for a preliminary ruling to lift the civil injunction currently restricting access to $125 million in escrow. Under the proposed terms, $50 million will be directed to the SEC, while the remaining $75 million will return to Ripple.
The motion reflects joint efforts to conclude long-standing disputes over XRP and aims to address remaining legal and financial uncertainties. Deaton stated:
"I believe that the likelihood of her granting the requested release is 70%."
The lawyer expressed disappointment that Ripple's legal team did not more candidly acknowledge the broader context of the SEC's actions, including a recent appellate decision characterizing the SEC's previous actions as 'arbitrary and capricious,' and the Debt Box case, in which SEC lawyers faced sanctions.