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.
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