The never-ending legal battle between Ripple and the U.S. SEC is back in the news — and pro-XRP lawyer John Deaton recently broke down exactly what’s happening.
The SEC and Ripple have reached a proposed settlement. In it:
If the judge agrees to this, the case would finally be settled and closed.
Many thought Judge Analisa Torres would quickly approve the deal, but she surprised both sides.
According to Deaton, the judge told them:
Deaton explained that a judge can’t simply reverse an order without serious justification, especially after 4.5 years of work and resources poured into this case.
Yes. Deaton believes the judge will likely approve the settlement eventually, giving it about a 70% chance, but she’s demanding a better explanation first. Both sides now need to show how this deal serves both private interests (Ripple and SEC) and the public interest (protecting other crypto investors and companies).
They also need to convince her that settling now would save time, money, and resources for the courts and avoid risky appeals for both sides.
This case has been one of the most important for crypto regulation in the U.S. If the injunction is removed and the fine reduced:
Deaton stressed that the judge’s past ruling would still stand, and crypto companies would still need to follow U.S. securities laws.
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