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XRP Lawsuit: Judge Torres Likely To Approve Joint Motion, Says Lawyer

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Summary
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68% Informative

XRP lawyer Bill Morgan anticipates that Judge Analisa Torres will likely approve the joint motion filed by Ripple and the SEC in the XRP lawsuit.

On June 12 , Ripple and SEC jointly requested a Manhattan District Court to lift the injunction in their prolonged legal dispute.

They also requested to release the $125 million civil penalty from escrow.

According to the settlement proposal, $50 million would go to the SEC .

The remainder would return to Ripple , effectively resolving the ongoing appeal and cross-appeal cases.

VR Score

54

Informative language

43

Neutral language

62

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formal

Language

English

Language complexity

45

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not offensive

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not hateful

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short-lived

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