SEC v Ripple: How This Settlement Process Is Going

• Judge Torres denied Ripple and SEC’s motion to amend the final ruling.
• Bill Morgan says the settlement process is no longer progressing.
• Ripple now faces renewed legal uncertainty as unresolved appeals persist.

Following the latest decision from Judge Analisa Torres, legal commentators such as Bill Morgan have shared their perspectives on where the case is headed. In a tweet, Morgan argued that the Ripple–SEC settlement process has stalled after a federal judge rejected a key joint motion. 

Specifically, the denial halts efforts to finalize a reduced penalty deal and overturn an earlier court injunction. The parties may now need to continue their appeals or consider alternative legal options.

Why Did the Settlement Process Stall?

In a detailed post on X, Morgan outlined a series of procedural attempts by both parties to finalize their settlement agreement. According to Morgan, Ripple and the U.S. SEC signed a settlement agreement earlier this year. Ripple signed on April 23, and the SEC signed on May 8. 

The parties jointly requested a 60-day pause on their respective appeals and sought an indicative ruling from Judge Analisa Torres to modify the…

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