Ripple and the SEC have filed a joint motion to lift the injunction on XRP sales, with attorney John Deaton predicting a 70% approval likelihood by Judge Torres. The SEC’s 2020 lawsuit accused Ripple of selling unregistered securities, but a proposed settlement includes a $50 million SEC payment and $75 million returned to Ripple. Deaton criticized the SEC’s aggressive enforcement, citing cases like Debt Box, where the agency admitted to misleading claims. He also highlighted Ripple’s competitive disadvantage due to the legal uncertainty, as XRP trades at $2.16, up 1.64% in 24 hours.
about Ripple & SEC Seek to Lift XRP Injunction: 70% Approval Chance