Ripple and the SEC have finally reached a settlement, seeking to lift the court's injunction.
Gate News bot news, after nearly five years of litigation, Ripple and the U.S. Securities and Exchange Commission (SEC) have finally reached a settlement, but both parties still need to persuade the judge to rewrite the ruling. The latest joint motion from both sides requests Judge Analisa Torres to lift the injunction against Ripple and reduce its $125 million fine to $50 million, on the grounds that "special circumstances" justify the request. However, crypto assets lawyer John Deaton stated in a recent X broadcast that this motion "misses the mark." He warned that the judge is not likely to hastily overturn a ruling she has carefully crafted over the years. In his view, the motion missed a crucial opportunity to persuade. It failed to emphasize how the SEC, under former Chairman Gary Gensler, implemented an overly aggressive and contradictory enforcement strategy, which has since been rescinded under current Chairman Paul Atkins.
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