A recent rumor in the cryptocurrency community claimed that a U.S. court had approved a motion to expedite the final judgment in the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
The news sparked excitement among Ripple supporters, who hoped this could mean the case, which has been dragging on for years, might resolve sooner. However, legal expert Bill Morgan debunked the rumor, clarifying that the alleged court expedition motion is unrelated to the SEC's enforcement case.
The confusion stemmed from a recent court development involving Ripple, but as Bill Morgan pointed out, the approved motion pertains to a California private civil lawsuit, not the SEC's enforcement action against Ripple.
The court's decision was about class claims resolved in Ripple's favor, allowing the company to move toward a final judgment in that case.