As I sit here, sipping my tea and pondering the intricacies of the human condition, I am reminded of the long and arduous journey that has been the Ripple vs SEC lawsuit. It’s a tale of twists and turns, of highs and lows, of… well, you get the idea. But fear not, dear reader, for it seems that we may finally be approaching the end of this winding road.
Lawyer Bill Morgan, a man of discerning taste and keen insight, believes that the joint motion filed by Ripple and the SEC will likely be accepted by Judge Analisa Torres. And why not? After all, as the great philosopher once said, “A bird in the hand is worth two in the bush.” Or, in this case, $125 million in escrow is worth a whole lot of trouble and expense.
Just reading today’s Ripple and SEC joint motion to judge Torres over lunch. It does not become stronger and more impressive the more you read it. I just have a feeling she’s going to grant the motion anyway.
— bill morgan (@Belisarius2020) June 13, 2025
But what exactly does this motion entail, you ask? Well, my curious reader, it seems that Ripple and the SEC have jointly filed a request to lift an earlier injunction and release the aforementioned $125 million in escrow funds. The proposal includes paying $50 million to the SEC and returning $75 million to Ripple. A fair deal, if I do say so myself.
Of course, not everyone is convinced that this motion will be the magic bullet that ends the lawsuit once and for all. Lawyer Fred Rispoli, a man of strong opinions and a healthy dose of skepticism, believes that the judge may not be so easily swayed. And why should she be, after all? As the great poet once said, “Fool me once, shame on you. Fool me twice, shame on me.”
In the newest saga of SEC v. Ripple, I don’t like this filing based on how obvious it was from Judge Torres’ last ruling that she was pissed. I recommended a long, detailed motion explaining the SEC’s failures in crypto regulation (with Commissioner declarations) and some…
— Fred Rispoli (@freddyriz) June 12, 2025
And so, dear reader, we wait with bated breath to see what Judge Torres will decide. Will she grant the motion and bring an end to this long and winding road? Or will she deny it and send us all back to the drawing board? Only time will tell, but one thing is certain: it’s been a wild ride, and I’m not sure I’m ready for it to end just yet 😜.
Q&A Time 🤔
What’s the latest update in the Ripple vs SEC lawsuit?
Ripple and the SEC have jointly filed a motion to lift an earlier injunction and release $125 million in escrow funds. The proposal includes paying $50 million to the SEC and returning $75 million to Ripple.
What happens if Judge Torres approves the motion?
If approved, it would resolve all appeals and cross-appeals, potentially bringing the years-long XRP lawsuit to an official close.
How long has the Ripple vs SEC lawsuit been going on?
The lawsuit began in December 2020, making it one of the longest-running and most-watched legal battles in the crypto space.
Is this the final motion in the Ripple vs SEC case?
If approved, it could be. But if denied, more filings and court sessions will likely follow, prolonging the lawsuit 🤦♀️.
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2025-06-13 11:53