Will Rule 60 Motion Unblock Ripple’s IPO? Key Points

The legal battle between Ripple and the SEC is back in court, with Ripple seeking a potential break from its initial order. They’re asking for an ‘indicative ruling’ under Rule 60(b) of the Federal Rules of Civil Procedure, which allows a court to modify or dismiss a final judgment if unusual circumstances warrant it. This motion centers around the existing injunction on XRP sales by Ripple. The court previously imposed this penalty and barred Ripple from selling XRP to certain buyers in violation of U.S. securities laws.