Pro-XRP lawyer calls 70% shot at big win ahead for Ripple originally appeared on TheStreet .
The years-long legal case surrounding the blockchain tech and payments firm Ripple took yet another turn as the crypto firm, along with the Securities and Exchange Commission (SEC), filed a joint motion to the District Court for the Southern District of New York on June 12.
The motion renewed the parties' request to Judge Analisa Torres to grant an indicative ruling. It asked the court to dissolve a prior injunction and release $125 million held in an escrow.
Earlier, Judge Torres denied a similar motion on May 15, calling it "procedurally improper." The crypto community will keep a close watch on how she reviews the latest motion.
Pro- XRP lawyer John Deaton is, however, 70% confident that Judge Torres will grant the motion that could bring the long legal battle to a final end.
The SEC should have acknowledged the "overly aggressive" stance against crypto on the part of its prior leadership, which an appellate court found "arbitrary and capricious," Deaton opined.
In her last judgment, Judge Torres asked the parties to demonstrate "exceptional circumstances" for her to vacate the ruling. Deaton said the SEC should have included a reference to pending crypto legislation such as the GENIUS and CLARITY Acts as an "exceptional circumstance."
Ripple, on its part, should have highlighted how an injunction puts it at a disadvantage against competitors such as Circle (NYSE: CRCL) , Deaton added.
The argument submitted, the lawyer claimed, could be summed up as:
"Look judge, elections have consequences, and this is one of them."
Trump administration's shadow looms large
It was in December 2020 that the SEC sued Ripple for the sale of allegedly unregistered XRP securities worth $1.3 billion. In July 2023, Judge Torres ruled that while the sale of tokens to institutional investors violated securities laws, their sale to retail investors didn't.
In the run-up to the 2024 presidential election, Ripple's chief legal officer, Stuart Alderoty, personally donated $300,000 in XRP to Trump's campaign in June 2024. Once Trump won the election, Ripple Labs donated $5 million in XRP to his inaugural committee.
Thereafter, Ripple and the SEC reached a settlement on March 25, as per which the company will pay $50 million of the original $125 million penalty, with the remainder refunded from escrow. The regulator has dropped cases against other crypto giants such as Coinbase (Nasdaq: COIN) and Binance.
As per Kraken , XRP was trading at $2.16 at press time.
Pro-XRP lawyer calls 70% shot at big win ahead for Ripple first appeared on TheStreet on Jun 14, 2025
This story was originally reported by TheStreet on Jun 14, 2025, where it first appeared.
