The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket. Ripple and the SEC dropped a joint filing on June 12, proposing a $125 million deal and asking the court to end the injunction.
The judge has until June 16 to decide. If approved, Ripple finally gets to ditch its near-decade-long legal baggage and XRP gets something close to regulatory closure, at least on paper.
Ripple Lawyer Optimistic About Approval, XRP Price Soon to Rocket
Under a joint proposal, Ripple would reclaim $75 million, while $50 million from the $125 million escrow account heads to the SEC, marking an effort to sidestep further litigation. Both camps are presenting the motion as a practical solution, referencing “exceptional circumstances” to justify the agreement.
Ripple attorneys argue the updated motion resolves earlier objections from Judge Analisa Torres. They point to significant regulatory changes and the pressing need for closure as key reasons to finalize the settlement.
XRP lawyer Bill Morgan remains optimistic about Judge Torres signing off on the latest motion in Ripple’s long-running legal battle. He highlighted the reduced penalties and the potential removal of the permanent injunction as critical elements that could pave the way for a final resolution.
“This marks a practical path forward,” Morgan commented, noting the motion’s ability to sidestep costly delays and lingering legal hurdles.
The Bigger Picture for XRP
A green light from Judge Torres would do more than resolve Ripple’s legal woes. The settlement would allow Ripple to reinvest its reclaimed $75 million into expansion, legal wins, or boosting XRPL adoption efforts.
More importantly, it could clear theregulatory FUD that has overshadowed XRP for years, opening doors for institutional adoption.
The timing of the motion aligns with shifts in regulatory policy toward digital assets, with Ripple arguing that the penalty terms are outdated in light of today’s landscape.
BTC Bull – Trending New Meme Coin ICO Featuring Free Bitcoin Airdrops
As Bitcoin eyes its next breakout, BTC Bull Token ($BTCBULL) is setting itself apart from the usual meme coin cycle.
The token rewards holders with real BTC and burns its supply with every major Bitcoin milestone. The next target is $125,000, removing 15% of $BTCBULL’s total supply.
If Bitcoin hits $150K or $200K, expect more BTC airdrops for token holders. And at the big $250K milestone, the project plans to drop 10% of its entire supply straight into the hands of the $BTCBULL community.
With over $7 million already raised in its presale and staking yields pushing 63% APY, the hype isn’t just noise—it’s backed by serious momentum. Tokens are currently priced at $0.002535.
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Key Takeaways
- The clock is ticking on one of crypto’s longest legal dramas and the XRP price could be ready to rocket.
- All eyes are on Powell this week. As inflation lingers and labor metrics soften.
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