Ripple and the United States seem to go to the finish line in their long -standing legal battle. But just when things seemed to end, a new twist appeared: the two parties now ask the court to change some of the sanctions that have already been decided.
So what’s going on behind this decision, and why is the case not yet finished?
Ripple dry push to modify the penalty
Recently, Ripple and the SEC jointly filed a motion that drew the attention of the XRP community. They ask what called “indicative decision,“This means that they want the judge to plan to change part of the final judgment, in particular repair and sanctions.
Former lawyer Marc Fagel explained That the two parties are now trying to revise the penalty of $ 125 million and the injunction which prevents Ripple from making non -registered sales similar in the future.
Interestingly, Ripple added a follow -up letter, arguing that the dissolution of the injunction would not exempt them from following the laws on securities. They always agree to comply with the law, even without the application of the courts.
Who causes delay – Ripple or the dry?
The situation has left many members of the cryptographic community wondering, who really cause the delay?
Interestingly, lawyer XRP Bill Morgan answered saying It is not the dry that drags its feet, it is Ripple which requires more. He stressed that the SEC had shown a desire to cooperate, in particular to dissolve the injunction.
Marc Fagel added that the accusations had been brought under the previous direction of the dry, not Gary Gensler, and that the case is now awaiting the decision of a judge, not blocked by the dry.
The Call of the Dry changes Ripple’s strategy
According to Morgan, the recent change in the SEC application strategy made Ripple more daring. He suggested that if the judge accepts the joint request, a final settlement could occur in a few weeks.
But now Ripple sees an opportunity to put pressure for better terms. The call gave Ripple a reason to aim above, hoping for a more favorable result.
Until then, all eyes are on Judge Torres while the court decides to grant the change in the compensation and to put an end to this very publicized affair.
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Faq
No, the case is always active. Ripple and the SEC are looking for changes to the sanctions, and the court has not yet made a final decision.
Ripple would no longer face legal restrictions but must always comply with the laws on securities voluntarily.
If the judge approves the request for changing the compensation, a final settlement may be concluded in the weeks.