News View Non-AMP

XRP Lawsuit News: Is Ripple CEO Meeting Trump? What to Know Before June 16

Published by
Anjali Belgaumkar

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) might finally be reaching an important turning point.

Since December 2020, Ripple has been fighting allegations from the SEC, which claimed the company sold unregistered securities in the form of XRP tokens. While Ripple secured a big win last year when a court ruled that XRP itself is not a security, the legal process has continued with penalty negotiations and procedural delays.

The ‘Ripple’ Test

Now, crypto lawyer John Deaton has shared an important update: a new U.S. market structure bill is expected to be passed in August. This bill would clearly define what qualifies as a digital security and what counts as a digital commodity. If passed, XRP would fall under the category of a digital commodity — removing regulatory uncertainty and officially ending the SEC’s authority over the token.

Deaton even called it a “Ripple Test,” replacing the decades-old Howey Test used to judge securities. Once this bill is signed into law by Congress and the U.S. president, it would set clear rules for the entire crypto market.

June 16: Make or Break?

Apart from this, June 16 is a key deadline in Ripple’s case. A previous joint request from the SEC and Ripple to reduce a $125 million penalty to $50 million was denied by Judge Analisa Torres, as it was filed under the wrong legal rule. Both sides have yet to resubmit a corrected motion, and if they miss the June 16 deadline, the case could move forward to the appeals court, delaying resolution by months.

Trump-Garlinghouse Reunion?

Despite the legal back-and-forth, Ripple CEO Brad Garlinghouse remains confident. Speaking recently, he said Ripple now holds the advantage in the case and the SEC has dropped its main appeal against XRP’s status as a security.

A post on X by TheXRPGuy claims that Garlinghouse is set to meet with Donald Trump. This has not been confirmed by official sources yet. However, it’s possible, as the two already met earlier this year. The last time news of a Garlinghouse-Trump meeting went viral in November, XRP spiked quickly and the market reacted strongly. Now, with similar rumors spreading again, XRP could rally if the meeting is confirmed.

FAQs

What is the current status of the Ripple vs. SEC lawsuit?

The Ripple-SEC lawsuit, ongoing since 2020, is nearing a turning point. While XRP was ruled not a security in public sales, penalty negotiations continue. A new market structure bill and a June 16 deadline are key upcoming events.

What is the significance of the June 16 deadline in the Ripple-SEC case?

June 16 is a critical deadline for Ripple and the SEC to resubmit a corrected motion regarding a $50 million penalty. Missing it could send the case to appeals court, delaying resolution by months.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Which Meme Coin Triumphs in 2025? Dogecoin, PEPE or Neo Pepe Coin ($NEOP) For Best Crypto

Pepe's Resilient Rebound Over recent days, Pepe Coin (PEPE) has captured renewed attention from traders…

July 1, 2025

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025

Did the Senate Pass the Trump’s Big Beautiful Bill

As of this afternoon, the United States Senate remains locked in a marathon voting session…

July 1, 2025