As the XRP lawsuit nears a possible resolution, pro-Ripple lawyer Bill Morgan has highlighted the strongest point in the recent joint motion filed by Ripple and the SEC. The motion aims to modify the final judgment in the four-year legal battle, signaling a potential settlement.
According to Morgan, the most compelling argument is that lifting the injunction and adjusting the penalty are key parts of the settlement between the two parties. Ripple and the SEC want Judge Analisa Torres to remove restrictions on XRP institutional sales and reallocate penalties, $75 million to Ripple and $50 million to the SEC.
Morgan says this move could save court time and prevent further litigation. The joint filing also cites changes in SEC policy and recent case dismissals as signs of “exceptional circumstances” required for the court to amend the ruling.
However, critics warn that the court may reject the motion. The standard for “exceptional circumstances” is high, and just wanting to settle may not be enough. Morgan admits the court may feel pressured, saying, “The parties are really imposing a fait accompli.”
Despite the risks, Morgan believes Judge Torres might approve the motion. Pro-XRP lawyer John Deaton even sees a 70% chance of it being granted.
Still, if Judge Torres rules too quickly, like she did in rejecting the last joint motion in just seven days, it could mean trouble for Ripple. All eyes are now on the court as whispers of a decision early this week continue to spread.
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