Ripple and the U.S. Securities and Exchange Commission Seek Settlement in Ongoing Legal Battle

$XRP & SEC$

According to Odaily, Ripple and the U.S. Securities and Exchange Commission (SEC) are seeking a settlement after nearly five years of litigation. Both parties are trying to convince Judge Analisa Torres to modify her ruling, lift the injunction against Ripple, and reduce the $125 million fine to $50 million, citing 'special circumstances' as justification for the request.

John Deaton, a cryptocurrency lawyer, estimates the likelihood of Judge Torres agreeing to a Ripple victory at 70%. He points out that the judge may prefer to issue a final ruling instead of starting another round of litigation.