$XRP AUN HAS ISSUED ITS VERDICT.
The XRP market has reacted with a 5.17 percent increase, reaching $2.28 per unit. The expectation of a favorable resolution has generated optimism among investors, although some legal experts warn that Judge Torres may not find the arguments presented to be sufficiently strong. Attorney Fred Rispoli has noted that judicial discretion could play a key role in the final decision.
So far, Judge Torres has not issued her verdict. However, the court has requested an update on the status of the negotiations, indicating that the decision could be known at any moment. There is no exact estimated time for the ruling, but it is expected to occur before the end of the court day. The resolution of this case will not only affect Ripple but could also influence the SEC's stance on cryptocurrency regulation in the future.
Ripple and the SEC have filed a joint motion before the federal court in Manhattan to dissolve a key injunction and release the $125 million held in escrow since 2020. This request represents an important step in resolving the legal dispute over XRP sales. Judge Analisa Torres still needs to approve the motion, and a decision is expected soon. Under the proposed terms, Ripple agreed to pay a civil fine of $50 million to the SEC, while the remaining funds would be returned to the company. This measure aims to avoid further litigation and pending appeals, in a context of changes in the SEC's policy towards cryptocurrencies.