XRP lawsuit nears resolution with $50 million penalty proposed
The Ripple (CRYPTO:XRP) versus SEC lawsuit is approaching a potential resolution as legal experts dismiss concerns about prolonged delays in the case.
Lawyer Bill Morgan addressed recent social media speculation that the case could drag into late 2026, calling such projections unlikely unless unexpected judicial decisions occur.
“This is not on the cards unless Judge Torres rules against the latest joint motion and rather than make the common sense decision to live with the summary judgement decision and the current penalty and permanent injunction, the settlement process breaks down completely and both parties run their appeals. An improbable outcome,” Morgan explained.
The case currently awaits a ruling from District Judge Analisa Torres on a revised joint motion filed on June 12.
The motion seeks to reduce Ripple’s civil penalty from $125 million to $50 million and remove the injunction on institutional XRP sales.
This filing cites “exceptional circumstances” under Rule 60(b)(6) to address procedural errors from an earlier attempt in May.
If the motion is denied, both parties may appeal, which could extend the litigation.
However, legal experts believe the likelihood of extended appeals is low if the motion is approved, suggesting a more efficient resolution is possible.
The Ripple v. SEC lawsuit, ongoing since 2020, centers on whether Ripple’s XRP token sales were an unregistered securities offering.
The case has drawn significant attention for its potential impact on crypto regulation in the United States.
Market participants are watching closely as developments may provide clearer regulatory guidance for XRP and similar digital assets.
Ripple CEO Brad Garlinghouse has projected that XRP could capture 14% of SWIFT’s global cross-border payment volume within five years, emphasising XRP’s growing role in liquidity provision.
According to Morgan, the current legal trajectory supports optimism for a near-term conclusion to the dispute, which could influence the broader regulatory landscape for cryptocurrencies.
At the time of reporting, the XRP price was $2.19.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative
Nomura Securities believes that the AI investment narrative is mired in an internal contradiction: if hyperscale cloud providers accelerate capital expenditures, their free cash flow will continue to be drained, raising doubts about the sustainability of financing; if they slow down, it would indicate a loss of confidence in AI demand and profitability expectations. Both paths lead to sell-offs. The crowded long positions accumulated during the AI agent boom in September have triggered large-scale stop-losses under negative catalysts, spreading to US Treasury bonds, exchange rates, and commodity markets, resulting in systemic deleveraging.
Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028
On Friday, Jassy stated that with the growing demand for artificial intelligence (AI) infrastructure, Amazon AWS cloud computing capacity is virtually sold out through 2027, and a significant portion of 2028 capacity has also been pre-booked by customers.
AI trading collapse: Will Anthropic postpone its "Super IPO"? The "scheduled listing date" in mid-November is approaching.
The time window is extremely tight—according to SEC regulations, the S-1 filing must be submitted by next week at the latest, and prediction markets estimate the probability of a listing within the year at around 80%. The sell-off in the AI sector has cast a shadow over the listing prospects, and the previous plan to go public in September has already fallen through. Several market participants say that Anthropic may face pressure to delay its listing, but some analysts point out that the company's urgent need for capital may drive it to stick to the original plan.
Crypto prices
More
