Will Judge Torres Pull a Fast One on XRP? You Won’t Believe What Happens Next! 😱

Oh, dearie me! Judge Analisa Torres is back at it again, being asked to reopen her own final judgment in the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). But hold onto your hats, folks! The real debate in the wacky world of crypto law isn’t just about procedures; it’s a psychological game! Will the judge play nice with the parties’ second-try joint motion, or will she once again say, “Not on my watch!”? Two lawyers, Bill Morgan and Fred Rispoli, have thrown their hats into the ring with wildly different expectations. 🎩

Will Judge Torres Give the XRP Deal Another Whack? 🤔

Morgan, the pro-Ripple Australian solicitor whose tweets are more viral than a cat video, warns that timing could be the sneaky little devil that betrays the court’s mood. “It only took seven days for Judge Torres to reject the last joint motion to modify the judgment. Less than seven days to decide the current joint motion? Not exactly a warm fuzzy sign!” he quipped on June 15, cautioning the impatient XRP community not to confuse speed with sympathy. 🐢

But wait! Morgan sees a glimmer of hope! He believes the judge could grab onto a juicy argument if she wants to end this four-year saga: “The strongest argument is that modifying the final orders is a must for the settlement agreement between the SEC and Ripple. If the fine is reduced and the injunction dissolved, we might finally see the end of this courtroom circus!” 🎪

However, Morgan’s optimism isn’t without its caveats. He reminds everyone that the parties themselves decided to hinge their settlement on rewriting the judgment. “They could have just agreed to end the appeal and moved on, but nooo, Ripple wanted more! They’re really trying to pull a fast one on the court and hoping the judge plays along. I think she might grant the motion, but honestly, I wouldn’t be shocked if she doesn’t!”

Now, enter Rispoli, the US litigator who’s represented individual XRP holders but not Ripple itself. He’s reading the joint filing with a much gloomier lens. “I don’t like this filing! It was as clear as day from Judge Torres’ last ruling that she was not amused,” he posted on June 12. Rispoli criticized the motion for being as brief as a toddler’s attention span when what was needed was a heartfelt apology from Ripple for their mischief. “Instead, we got a measly paragraph about other SEC dismissals. Oof!” 😬

For Rispoli, the real kicker is judicial discretion, not just the black-letter law. He admits, “The parties have cited enough law for the court to grant it,” but sadly concludes, “I don’t think this gets it done.” His prediction? Grim! Unless the parties add more to the record or Judge Torres just wants to kick this case off her desk, the motion might end up in the same trash can as its predecessor. But don’t fret too much! A continued injunction isn’t the end of the world—Ripple can still sell XRP to institutions, just not in the same way they did before 2018. Conservative counterparties, however, might still be sitting on the sidelines. 🪑

When you put Morgan’s cautious optimism and Rispoli’s skepticism together, you get a rather narrow probability band. They both agree that the court is facing a big decision: either slap a $50 million penalty with no injunction and end all appeals, or toss the question back to the Second Circuit for another year of back-and-forth, which neither side is particularly keen on. 🥱

As of now, XRP is trading at a cool $2.25. 💰

2025-06-17 03:13

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