As the SEC vs Ripple lawsuit continues to meander through the courts like a languid summer stroll, both parties have submitted a joint motion, a dénouement of sorts, requesting an injunction to validate the $125 million settlement agreement 🤑. The filing, a veritable tome of tedious legalese, comes ahead of the June 16 deadline, a date that looms like the Sword of Damocles over the proceedings.
lawyer Bill Morgan, a man of discerning taste and unwavering optimism, believes that Judge Analisa Torres will grant the motion, despite the rejection of the joint motion the last time 🤷. One can almost hear the whispers of “third time’s the charm” wafting through the corridors of the Manhattan District Court.
The latest filing, a joint effort by Ripple and the SEC, requests the court to lift the injunction and release the $125 million civil penalty currently held in escrow, a veritable treasure trove of tantalizing possibilities. According to the settlement proposal, $50 million would be allocated to the SEC, while the remaining funds would be returned to Ripple, a division of spoils that seems almost… civilized.
In the filing addressed to Judge Analisa Torres, Ripple and the SEC cite “exceptional circumstances” to support their motion, a phrase that seems to be the lawyerly equivalent of “please, pretty please with a cherry on top.” These circumstances include the settlement agreement, the SEC’s evolving crypto policy, and a mutual interest in avoiding further litigation, a sentiment that can be summed up as “can we just get this over with already?”
Market experts, those sages of the financial world, have weighed in on this regard. XRP lawyer Bill Morgan has shared his views on the settlement agreement, a veritable font of wisdom and insight.
Morgan explained that if Judge Analisa Torres rejects the motion, the settlement cannot proceed as agreed, leaving both parties to resume the appeals and cross-appeals process, a prospect that seems almost… Sisyphean. Without approval, the litigation would continue, a never-ending cycle of motions and counter-motions, a veritable Groundhog Day of lawyerly wrangling.
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
On the other hand, attorney Fred Rispoli expressed concerns over the latest Ripple-SEC joint motion, criticizing its lack of depth and strategic finesse, a sentiment that can be summed up as “what were they thinking?” He noted that Judge Analisa Torres’ previous rulings suggested frustration with the SEC, yet the filing failed to address this sentiment effectively, a missed opportunity that seems almost… glaring.
Rispoli expected a detailed motion addressing the SEC’s regulatory shortcomings, a veritable tour de force of lawyerly virtuosity. Instead, he described the filing as insufficient, with only a brief mention of SEC dismissals and its crypto task force, a lack of substance that seems almost… underwhelming.
While the legal foundation is sound, Rispoli doubts the motion will sway Judge Torres, calling it a rare misstep by Ripple’s legal team, a sentiment that seems almost… ominous. However, he remains cautiously optimistic that the judge may decide to conclude the case, a prospect that seems almost… tantalizing.
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2025-06-13 16:18