Ripple-SEC case nears finish line. Crypto attorney sees 70% chance, says judge ‘wants more’ – DL News
- Ripple and the SEC want to dissolve the court’s injunction.
- Their new filing cites “exceptional circumstances” for relief.
- A crypto lawyer says the judge may still find the case too weak.
After nearly five years of litigation, Ripple and the US Securities and Exchange Commission want to settle.
But they still have to convince the judge to rewrite her own judgment.
Their latest joint motion asks Judge Analisa Torres to dissolve the injunction against Ripple and reduce its $125 million penalty to $50 million, arguing that “exceptional circumstances” justify the request.
But the brief leaves “meat off the bone,” said crypto attorney John Deaton in a recent X broadcast.
He warns the judge won’t be rushed into reversing a…
