SEC and Ripple Near Settlement Amid Legal Complexities
The post SEC and Ripple Near Settlement Amid Legal Complexities appeared on BitcoinEthereumNews.com.
Settlement agreement was signed between SEC and Ripple parties on different dates in spring 2025. Parties must obtain an indicative ruling from Judge Torres before proceeding with dismissal. Legal expert Bill Morgan estimates a conclusion within several weeks if the ruling is granted. Legal expert Bill Morgan has detailed the multi-step settlement process between the SEC and Ripple, revealing the complex procedural requirements necessary to finalize their agreement and dismiss pending appeals. The settlement agreement was signed by the Ripple parties on April 23, 2025, followed by the SEC’s signature on May 8, 2025. The parties successfully obtained a 60-day abeyance period from April 16 to June 16, 2025, to halt progress on both the appeal and cross-appeal while pursuing settlement implementation. This procedural step allowed time to address the technical requirements for modifying the original judgment and obtain court approval for the agreed-upon terms. SEC v Ripple: How the settlement process is going 1. Settlement agreement signed by Ripple parties on April 23, 2025 and by the SEC on May 8, 2025 ✅. 2. Parties filed a motion to hold the appeal and cross appeal in abeyance and obtained 60 days abeyance from April 16, 2025 to… — bill morgan (@Belisarius2020) June 18, 2025 Multiple Court Motions Required for Settlement Implementation The first attempt to obtain court approval through a Rule 62.1 motion filed on May 8, 2025, was denied by Judge Torres due to procedural errors. The court determined that the parties had not properly addressed Rule 60 requirements. This required a corrected filing that properly complied with the legal standards for modifying a judgment. A second joint motion addressing Rule 60 was filed on June 12, 2025, and attempted to remedy the procedural deficiencies identified in the initial denial. This corrected motion seeks an indicative ruling from…
Filed under: News - @ June 18, 2025 6:27 pm