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Crypto Lawyers Predict Prolonged Fight in Ripple-SEC Case 4m ago by coinedition.com

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Ripple Labs and the Securities and Exchange Commission (SEC) are engaged in a long-running legal battle.

Lawyer Bill Morgan, known for his insights, predicts an intense legal battle between Ripple and the SEC.

The SEC initially sought over $1 billion in penalties from Ripple, which was later revised down to $770 million.

The long-running legal case between Ripple Labs and the U.S. Securities and Exchange Commission is expected to ramp up, not wind down, according to analysis by crypto lawyers.

In a series of tweets, lawyer Bill Morgan, known for his keen insights into the case, reviewed the remedies phase roadmap laid out in recent court filings. He predicts a “full-on” battle between the parties.

It will heat up not settle. The remedies phase in the #SEC v Ripple matter will be full on. I was refreshing my memory from the letters the parties sent to the court about the SEC’s intention to pursue the ultimately doomed motion for permission to file an interlocutory appeal./1

— bill morgan (@Belisarius2020) October 25, 2023

“How do you get a settlement out of all that? I don’t think so at this time,” Morgan stated.

The SEC initially sought over $1 bi…

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