The ongoing Ripple vs. SEC case has been a topic of great interest within the crypto community, with frustrated XRP supporters eagerly awaiting a resolution. However, a recent analysis by legal expert Bill Morgan sheds light on some crucial details of the case.
According to Morgan, it is actually Ripple that is responsible for the delay in the case. In a recent post, he explained that Ripple is pushing for the court to lift the injunction on how it can sell XRP. Surprisingly, the SEC is cooperating and assisting Ripple in this process, contrary to what many may believe.
While many anticipated a swift settlement months ago, the case has been held up due to Ripple’s focus on having these restrictions removed first. Morgan emphasized that this move primarily benefits Ripple’s ability to sell XRP to institutions, rather than XRP investors.
One key question that arose was whether the judge could remove the injunction while still imposing a fine. Morgan confirmed that the judge does have the authority to do so, providing some clarity on the potential outcomes of the case.
Despite the frustration within the community over the delays, former SEC official Marc Fagel clarified that the upcoming update on August 15, 2025, is not a deadline. The judge could rule on the pending motion at any time, potentially speeding up the process.
Fagel also mentioned that Judge Torres had already ruled against Ripple last year, imposing a $125 million fine and a permanent injunction. The current proceedings are a result of both Ripple and the SEC appealing and seeking changes to the ruling.
Morgan suggested that a decision could come sooner than expected, emphasizing that any further delays could lead to new appeals and further slow down the settlement talks. Once Judge Torres issues a ruling, Ripple is expected to pay a $50 million fine, have the injunction lifted, and drop all appeals, bringing the case to a close.
As the Ripple vs. SEC case continues to unfold, it is clear that both parties are actively working towards a resolution. The community eagerly awaits the judge’s ruling, which will have significant implications for Ripple and the future of XRP. Stay tuned for further updates on this developing legal saga.