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US SEC files letter asking judge to set aside Ripple injunction judgment

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Summary
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62% Informative

SEC and Ripple have taken another step in their legal battle as they look to put the XRP lawsuit to bed.

SEC has filed a settlement letter, asking Judge Analisa Torres to set aside her judgment against the crypto firm.

The agency has also asked the court to reduce the monetary judgment against Ripple to $50 million .

The SEC would receive $ 50 m in satisfaction of the monetary judgement, while Ripple would receive the remaining sum.

VR Score

41

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30

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71

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formal

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English

Language complexity

45

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