With the XRP lawsuit taking a new turn with the joint proposal between Ripple and the U.S. Securities and Exchange Commission, attorney Bill Morgan expects Judge Torres to likely approve it. Despite some reservations about the content of the proposal, Morgan expressed his belief that the judge will approve it nonetheless, which could lead to a resolution in the Ripple case against the U.S. Securities and Exchange Commission.
Baby of the Future Will Judge Torres issue a joint decision in the XRP case? In a recent post on platform X, XRP lawyer Bill Morgan shared his thoughts on the possibility of Judge Analisa Torres approving the joint proposal. Although Morgan expressed his disappointment with the content of the proposal, he remains optimistic about the judge's response. He stated in his post:
I just read the joint proposal by Ripple and the U.S. Securities and Exchange Commission today regarding the ruling on Torres during lunch. Its impact and strength grow the more you delve into it. I have a feeling that they will approve the proposal anyway.
On June 12, Ripple and the U.S. Securities and Exchange Commission jointly filed a motion in Manhattan District Court to lift the injunction in their long-standing legal dispute. They also requested the release of the $125 million civil penalty from the escrow account. According to the proposed settlement, $50 million will be allocated to the U.S. Securities and Exchange Commission. The remainder will go back to Ripple, effectively ending the ongoing appeals and counter-appeals.
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With the XRP lawsuit taking a new turn with the joint proposal between Ripple and the U.S. Securities and Exchange Commission, attorney Bill Morgan expects Judge Torres to likely approve it. Despite some reservations about the content of the proposal, Morgan expressed his belief that the judge will approve it nonetheless, which could lead to a resolution in the Ripple case against the U.S. Securities and Exchange Commission.
Baby of the Future
Will Judge Torres issue a joint decision in the XRP case?
In a recent post on platform X, XRP lawyer Bill Morgan shared his thoughts on the possibility of Judge Analisa Torres approving the joint proposal. Although Morgan expressed his disappointment with the content of the proposal, he remains optimistic about the judge's response. He stated in his post:
I just read the joint proposal by Ripple and the U.S. Securities and Exchange Commission today regarding the ruling on Torres during lunch. Its impact and strength grow the more you delve into it. I have a feeling that they will approve the proposal anyway.
On June 12, Ripple and the U.S. Securities and Exchange Commission jointly filed a motion in Manhattan District Court to lift the injunction in their long-standing legal dispute. They also requested the release of the $125 million civil penalty from the escrow account. According to the proposed settlement, $50 million will be allocated to the U.S. Securities and Exchange Commission. The remainder will go back to Ripple, effectively ending the ongoing appeals and counter-appeals.