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Ripple and the SEC have jointly requested the U.S. District Court to lift the injunction on XRP sales. Attorney John Deaton estimates a 70% chance of approval, marking a potential turning point in the long-running legal battle.
- Ripple and the SEC propose a $50M settlement, with $75M returned to Ripple, to resolve the XRP securities case.
- Attorney John Deaton cites SEC missteps in the Debt Box case as evidence of regulatory overreach in crypto enforcement.
- Ongoing legal uncertainty puts Ripple at a disadvantage against competitors like Circle, impacting institutional adoption.
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Other Tags: Rupee, Consensys, John Deaton, John E. Deaton, Judge Analisa Torres, Judge Torres, Yuga Labs, Debt Box, DeFi, Gemini, OpenSea, US district court