Bill Morgan, a prominent attorney known for his insights in the cryptocurrency space, has shed light on the recent developments in the ongoing SEC v. Ripple case. His analysis highlights a quiet settlement process that culminated in a joint Rule 62.1 motion filed on May 8, 2025, requesting an indicative ruling from Judge Analisa Torres. The motion reveals that a settlement agreement between Ripple and the SEC was signed by both parties on April 23, with the SEC’s signature signifying a prior internal vote approving the deal. This process followed a formal request for the appeal and cross-appeal before the Second Circuit Court of Appeals to be held in abeyance while waiting for the ruling from Judge Torres. The settlement outlines two key requests: dissolving the injunction issued against Ripple in the August 2024 Final Judgment, and releasing approximately $125 million in escrow funds. This includes $50 million paid to the SEC as a civil penalty, with the remaining amount returned to Ripple. If Judge Torres signals her agreement, the parties will then seek a limited remand from the appellate court, which would allow Judge Torres to approve the settlement terms. Finally, if approved, the case will conclude with the dismissal of both appeals. 80,000 XRP investors who participated in the case on behalf of Ripple, opposing the SEC’s position, are considered crucial in driving this resolution. Their active involvement further strengthens the argument for the proposed settlement agreement. The coming weeks will show if Judge Torres will issue the indicative ruling needed to proceed with this resolution process. This content is intended to provide informative details and should not be construed as financial advice. Readers are urged to perform in-depth research before making any investment decisions.