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Judge Torres to Decide on Ripple's Potential $125M Settlement in XRP Lawsuit

Ripple Labs and the SEC may be on the brink of resolving their lengthy legal dispute as they submit a joint motion to Judge Analisa Torres.

The motion seeks to lift a previous injunction that currently holds $125 million in escrow, with plans to allocate $50 million to the SEC and return $75 million to Ripple.

Legal expert Bill Morgan believes that despite the motion's lack of persuasive language, it may nonetheless be approved by the judge.

He emphasizes that her decision is critical and could indeed bring closure to this years-long legal battle, which began in December 2020.

However, lawyer Fred Rispoli expresses skepticism regarding the proposal's effectiveness, pointing out that the judge may find the motion lacking in depth.

If Judge Torres grants the motion, it would dismiss all ongoing appeals and settle the matter officially.

Conversely, if the motion is denied, further legal filings and court sessions could extend the case significantly.

The outcome remains uncertain, reminding observers that despite speculation, the final decision hinges on the judge's ruling.

As the crypto community watches closely, the implications of this motion could shape the regulatory landscape for cryptocurrencies in the United States.

Overall, the resolution of this lawsuit is highly anticipated, given its potential to set precedent for future crypto regulations.