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## Ripple and the U.S. SEC: Legal Proceedings are Coming to a Close but Many Variables Remain
Ripple and the U.S. Securities and Exchange Commission (SEC) seem to be on the brink of conclusion in the long legal battle. However, just when everyone thinks the case is coming to an end, an unexpected development has emerged. Both sides are requesting the court to reconsider some penalties that have been imposed.
### Ripple and SEC Propose Amendments to Penalties
Recently, Ripple and the SEC jointly filed a motion for the court to reconsider the 'directive ruling', meaning they want the judge to revisit the final penalty, particularly regarding the fines and restrictions on issuing unregistered cryptocurrencies.
Former SEC attorney Marc Fagel analyzes that both sides are trying to amend the $125 million penalty and the ban on Ripple's involvement in unregistered cryptocurrency transactions in the future.
Ripple also sent a response letter, arguing that lifting the ban would not exempt Ripple from complying with securities laws. They remain committed to following the law, even without court enforcement.
### Who is Causing the Delay – Ripple or SEC?
Many in the cryptocurrency community are wondering: Who is holding back this prolonged lawsuit?
XRP's attorney, Bill Morgan, responded that it is not the SEC that is delaying, but Ripple that is requesting more time. He emphasized that the SEC has shown cooperation, especially in lifting the ban.
Marc Fagel adds that these allegations were made by the previous SEC administration, not under Gary Gensler. Currently, the case is just waiting for a decision from the judge and is not delayed by the SEC.
### SEC Changes Appeal Strategy, Affecting Ripple's Strategy
According to Morgan, the shift in the SEC's law enforcement strategy has made Ripple more confident. He believes that if the judge agrees with the joint proposal, there may be a final solution within a few weeks.
Ripple now sees this as an opportunity for better negotiation. The appeal gives Ripple more reasons to negotiate with hopes of achieving a more favorable outcome in the future.
Thus, everyone is watching Judge Torres's decision on whether to agree to amend the reliefs and conclude this high-profile lawsuit.
Source: https://tintucbitcoin.com/ripple-kien-sec-yeu-cau-thay-doi-soc/
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