Defense lawyer James K. Filan has just dropped huge news to the XRP community via his X account.
According to the latest filing with the court, the SEC and Ripple have agreed on how to move forward with their case, and they're now waiting on Judge Analisa Torres to respond.
The parties are asking the court to dissolve the current injunction against Ripple, release the $125 million that Ripple put into escrow, and confirm that both the SEC and Ripple will ask the Court of Appeals to dismiss their appeals.
If Judge Torres gives the go-ahead, then Ripple and the SEC will ask the Court of Appeals to send the case back to her, where they’ll file a motion to make the settlement agreement final. Once that’s done, they’ll both drop their appeals, and the case will be over.
This is a big turnaround from last year, when the SEC was asking for the full $125 million and was pushing for strict restrictions on Ripple.
The XRP community has been eagerly awaiting this moment, as many see the case as a crucial test of how U.S. regulators will approach crypto.
A win for Ripple could also bring renewed momentum for XRP, which has struggled to break out of its current price range.
Now, all eyes are on Judge Torres to see if she will approve the final steps needed to settle this long-running legal battle.
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