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Judge Granting Relief to Ripple? SEC and Company Join Forces to Resolve XRP Dispute

A recent prediction from a prominent crypto lawyer suggests a strong possibility that Judge Analisa Torres may approve Ripple and the SEC's request to lift a key injunction affecting the company's operations.

Attorney John E. Deaton announced on social media that he believes there is a 70% chance the court will grant this relief, which is crucial for resolving outstanding financial penalties.

Ripple and the SEC have jointly filed a motion for an indicative ruling to dissolve a civil injunction that currently hampers access to $125 million in escrowed penalties.

Of this amount, $50 million would be allocated to the SEC, while Ripple would reclaim the remaining $75 million, facilitating a resolution to their prolonged legal dispute.

Deaton pointed out that Ripple's legal team may have missed an opportunity to address the broader implications of SEC actions, especially recent rulings critiquing the agency's conduct.

He mentioned Judge Sarah Netburn's past criticism of the SEC, emphasizing the evolving regulatory context that Ripple faces.

Additionally, Deaton suggested that demonstrating the impact of the injunction on Ripple's competitiveness could have strengthened their case, considering rivals like Circle are unaffected by such legal hurdles.

He concluded by reflecting on the political implications of the ongoing case, noting how changes in leadership may influence judicial outcomes.

As the situation evolves, the cryptocurrency community is closely monitoring developments, particularly regarding the future of XRP and regulatory practices in the digital asset space.

The next hearing will be pivotal in determining Ripple's path forward and shaping the future landscape of cryptocurrency regulation.