Ripple vs. US SEC Lawsuit Set for Trial, Crypto Lawyer Estimates Ripple Has a 70% Chance of Winning
According to DL News, after nearly five years of litigation, Ripple and the U.S. Securities and Exchange Commission are seeking a settlement. However, their latest joint motion still needs to convince Judge Analisa Torres to change her stance, lift the injunction against Ripple, and reduce its $125 million fine to $50 million. The justification is that "exceptional circumstances" make this request reasonable. Crypto attorney John Deaton believes there is a 70% chance that Analisa Torres will rule in favor of Ripple, as the judge may prefer a final judgment over another round of litigation.
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