Ripple vs SEC Dispute: New Update on Cryptocurrency Legal Proceedings
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has recently garnered particular attention from the cryptocurrency community. Many XRP investors feel frustrated by the unexplained delays. A legal expert provided important details about this case, clarifying the background issues related to the litigation process.
Who is causing the delay?
According to lawyer Bill Morgan, it is Ripple that is primarily responsible for the delays. In a recent post, he emphasized that Ripple wants the court to lift the ban on selling XRP. Surprisingly, the SEC is cooperating and assisting in this process. Unlike initial expectations, it is Ripple that wants to modify restrictions on its cryptocurrency issuance, rather than causing delays.
Wrong. Ripple is the culprit causing the delay. They want to lift the ban. Instead of prolonging the lawsuit, the SEC has been working to support Ripple in lifting this ban. Ripple and the SEC could have settled within a few months if they didn't want to modify the ban...
— bill morgan (@Belisarius2020) June 18, 2025
While many hope the lawsuit will conclude quickly, Ripple's focus on removing restrictions has led to an extended litigation process.
Is lifting the ban really necessary?
A common question is whether Ripple really needs to lift the ban to conduct commercial activities. Lawyer Morgan asserts that this primarily benefits Ripple in selling XRP to financial institutions, not to retail investors. Additionally, the lawyer noted that the judge has the authority to lift the ban while keeping the monetary penalty.
Can the judge make a ruling sooner?
The cryptocurrency community feels uneasy as the trial process drags on. Notably, the expected date for the next result is August 15, 2025. However, former SEC official, Marc Fagel, stated that the judge is not bound by this date. The ruling could come within a few hours, days, or even weeks, or extend even longer.
The SEC lawsuit has not been postponed until August 15. The judge may issue a ruling in a few hours, days, or weeks (or even longer, but that possibility is unclear).
— Marc Fagel (@Marc_Fagel) June 18, 2025
In a previous tweet, Fagel clarified that Judge Torres ruled against Ripple last year, imposing a $125 million fine and a permanent ban. Currently, the case continues as both sides are appealing and requesting a review of the terms, which is entirely at the court's discretion, not the judge's decision.
Earlier prospects for a final ruling
According to lawyer Morgan, a final decision could come sooner than expected. Any further delays will raise new appeals, hindering the mediation process. Both parties have signed an agreement to pause appeals and submit important motions. Currently, everything depends on the final decision of Judge Torres. Once approved, Ripple will pay a $50 million fine, the ban will be lifted, and the appeals will be dismissed.
Source: https://tintucbitcoin.com/chuyen-gia-canh-bao-ve-vu-kien-ripple/
Thank you all for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
