Ripple-SEC Deal Faces Doubts as Legal Expert Flags Timing
By: bitcoin ethereum news|2025/05/07 06:00:04
0
Share
Ripple reports SEC deal to cut penalty and end case, but final commission approval is pending Crypto lawyer Bill Morgan flags ‘odd’ timing, noting SEC has yet to formally sign off XRP price falls 11% this week as uncertainty clouds Ripple’s litigation status FinTech company Ripple appears to be celebrating what it considers a victory in the ongoing litigation with the SEC. For the first time, Ripple explicitly referenced the details of an agreement with the SEC on the final steps to ending the longstanding litigation that has significantly impacted XRP, the XRP Ledger’s native token. Crypto Lawyer Notes ‘Odd’ Timing However, not everyone is convinced the end is definitively here yet. In a post on X, renowned crypto lawyer Bill Morgan cited a segment of Ripple’s Q1 2025 report containing information about the case. Despite acknowledging Ripple’s forwardness in publicly reporting the agreement with the SEC, Morgan sensed something odd about the report, considering the SEC commissioners have not voted on the issue. From Ripple’s Q1 2025 quarterly market report released today makes interesting references to the lawsuit. I think this is the first explicit public reference by Ripple that the SEC agreed to request that the Court vacate the permanent injunction./1 pic.twitter.com/uzGqTz3hT4 — bill morgan (@Belisarius2020) May 6, 2025 What Ripple Reported About the SEC Agreement For context, Ripple reported receiving information from the SEC about their intention to withdraw its appeal. In turn, Ripple agreed to withdraw its own cross-appeal. Following this, Ripple stated the SEC agreed to reduce its proposed penalty from $125 million to $50 million, with a request for the court to vacate the injunction. Crucially, Ripple noted these steps are pending final approval by the SEC Commission. Related: XRP Rebound Potential: Ripple SEC Case Breakthrough & Trump’s Crypto Mention Spark Price Recovery Hopes Lack of SEC Confirmation Creates Uncertainty This situation, where Ripple reporting specific deal terms while the SEC leadership hasn’t officially signed off, creates some ‘ greyness ’ as Morgan observed. Despite many analysts suspecting Ripple to be reporting from an insider’s perspective, with the reports likely true, the broader crypto community expects a substantive statement, especially from the SEC. High Stakes for Ripple and XRP Morgan’s concern lies in the extent of Ripple’s forwardness in reporting the issue when it has not fulfilled the due process. Perhaps there is a turnaround by the SEC from the acclaimed agreement, which could significantly affect Ripple’s business, with a notable effect on XRP despite many years of struggle. Related: Ripple Scraps XRP Reports Post-SEC Case, Switches to Flexible Disclosure However, a substantive statement from all the parties involved, including the SEC, would potentially boost the brewing positive energy within Ripple’s ecosystem, directly affecting XRP’s demand. The cryptocurrency traded for $2.0991 at the time of writing, losing over 11% of its value from the last week of April, according to data from TradingView. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/ripple-sec-deal-legal-analyst-timing-doubt-xrp/
You may also like

Oil Price Cools Off, Crypto Bounces Back
Why Oil and Bitcoin Prices Always Move in Opposite Directions

a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App
With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.

If you only follow the news, you may have misconstrued this Iran conflict
With a Narrative-Driven Agenda, Western Media Falsifies War Coverage

ERC-8183: Write a Rule for a $3M On-Chain Agent Business
Before running in the Wild West of three million dollars, today, the rules have been written

AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours
AI Awakening seems to be really happening: they have already started to learn how to earn money on their own, and their money-earning ability may even surpass that of humans.

Arthur Hayes: Why is HYPE a 5x Moonshot?
Arthur Hayes' price target for HYPE in August 2026 is $150.

OpenClaw Money-Saving Strategy: Saving Two Thousand a Month - What Am I Doing Right?
Don't Keep Replaying Old Stuff

a16z: Making a $2 Billion Bet on the Next Dawn of Web3
What did the Inarticulate Geniuses See This Time?

Trade to Earn Series IV: WEEX Launches Up to 40% Real-Time Futures Fee Rebates
Trade futures on WEEX and earn up to 40% real-time fee rebates. Trade to Earn Series IV lets you accumulate WXT rewards while reducing trading costs.
WEEX AI Hackathon Champions Crowned, Revealing Future of AI Trading
The first-ever WEEX AI Hackathon has concluded, with 10 winners emerging from over 200 global teams. Beyond its $1.8 million prize pool, the event marked a milestone—proving that the future of AI trading belongs to accessible, AI-powered innovation.

View: No Hype, No FUD, I Rate OpenClaw at 65 Points
If you approach lobster with a "get rich quick" or "lead Web 4.0" mindset, you will surely be disappointed.

Single-day Oil Price Plunge Exceeds 30%, Copilot Cowork Feature Launched, What Is the English-Speaking Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?

The Agent Spend Safely thing has already taken off
Every shift in platform paradigm brings forth a new wave of merchants that existing payment systems cannot cater to.

After the rise in the stablecoin's status, long-time partners Circle and Stripe vie for dominance
A Stablecoin On-Chain "Middle Path Encounter".

WEEX Trade to Earn: Turn Futures Trading into Instant WXT Rewards
Join WEEX Trade to Earn and earn instant WXT rebates on every futures trade. Boost rewards with referrals and tasks. Trade more, earn more on WEEX exchange.

Trading Everything, Never Closing: RWA Perpetual Contracts (Part 1)
RWA perpetual contracts are trying to disrupt the traditional financial markets of costly zero-day options (0DTE) and opaque contracts for difference (CFD) with transparent on-chain "linear leverage."

Morning News | Nscale completes $2 billion Series C funding; 20 millionth Bitcoin has been mined; Polymarket will launch S&P 500 binary options products
Overview of Important Market Events on March 9

Dialogue between Vitalik and Suji: Why have decentralized social products failed?
Analyzing the dilemma of decentralized social networks should start from "solving social problems" rather than "overlaying crypto finance," exploring new opportunities for the integration of AI and prediction markets.
Oil Price Cools Off, Crypto Bounces Back
Why Oil and Bitcoin Prices Always Move in Opposite Directions
a16z Releases Top 100 AI Applications List, Models Are Moving Out of the Browser and App
With the rise of video creation, Agent tools, and AI browsers, AI is evolving from a chat product into a new platform and operating environment.
If you only follow the news, you may have misconstrued this Iran conflict
With a Narrative-Driven Agenda, Western Media Falsifies War Coverage
ERC-8183: Write a Rule for a $3M On-Chain Agent Business
Before running in the Wild West of three million dollars, today, the rules have been written
AI Mistakenly 'Tips' $260,000, Makes It All Back in 24 Hours
AI Awakening seems to be really happening: they have already started to learn how to earn money on their own, and their money-earning ability may even surpass that of humans.
Arthur Hayes: Why is HYPE a 5x Moonshot?
Arthur Hayes' price target for HYPE in August 2026 is $150.