Ripple and the U.S. SEC seem to be heading toward the finish line in their long-standing legal battle. But just when things appeared to be wrapping up, a new twist has emerged: both sides are now asking the court to change some of the penalties that were already decided.
So, what’s behind this move, and why is the case still not over?
Recently, Ripple and the SEC jointly filed a motion that caught the attention of the XRP community. They’re asking for what’s called an “indicative ruling,” which means they want the judge to consider changing part of the final judgment, especially the relief and penalties.
Former SEC lawyer Marc Fagel explained that both parties are now trying to revise the $125 million penalty and the injunction that prevents Ripple from making similar unregistered sales in the future.
Interestingly, Ripple added a follow-up letter, arguing that dissolving the injunction wouldn’t exempt them from following securities laws. They still agree to comply with the law, even without court enforcement.
The situation has left many in the crypto community wondering, who is actually causing the delay?
Interestingly, XRP lawyer Bill Morgan responded by saying it’s not the SEC dragging its feet, it’s Ripple that’s asking for more. He pointed out that the SEC has shown a willingness to cooperate, especially in dissolving the injunction.
Marc Fagel added that the charges were brought under previous SEC leadership, not Gary Gensler, and the case is now waiting on a judge’s decision, not stalled by the SEC.
According to Morgan, the SEC’s recent shift in enforcement strategy has made Ripple bolder. He suggested that if the judge agrees to the joint request, a final settlement could happen within weeks.
But now, Ripple sees an opportunity to push for better terms. The appeal gave Ripple a reason to aim higher, hoping for a more favorable outcome.
Until then, all eyes are on Judge Torres as the court decides whether to grant the relief modification and bring this high-profile case to a close.
No, the case is still active. Ripple and the SEC are seeking changes to penalties, and the court has yet to issue a final ruling.
Ripple would no longer face court restrictions but must still comply with securities laws voluntarily.
If the judge approves the request to modify relief, a final settlement may be reached within weeks.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
SPK price is back from the dead and it didn’t come quietly. After months of…
STABLE price after days of silence it just woke up again and not quietly. A…
XRP has one of the most passionate and, at times, most imaginative communities in crypto.…
The past week saw ETHGas and ether.fi sign a massive $3 billion deal to make Ethereum…
Something is shifting in how serious money thinks about digital assets. Juan Leon, Senior Investment…
In recent crypto news, Flare launched an FXRP/USDH market on Hyperliquid to improve its cross-chain…
