Ripple and SEC: The Never-Ending Saga Takes a Hilarious Turn 🤣
Now, in a twist that could only happen in the wild west of crypto, the two parties are trying to tie up this loose end once and for all. They’ve filed a motion in Manhattan federal court, aiming to dissolve the injunction and release the $125 million civil penalty that’s been sitting in escrow, like a pot of gold at the end of a long, dusty trail. The motion, filed under Federal Rules 60(b)(6) and 62.1, argues that “exceptional circumstances” warrant a second look, citing the SEC’s shifting moods and a mutual desire to avoid more legal wrangling.