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Anjali Belgaumkar
Anjali Belgaumkar
Author
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.
Reviewed by:
Qadir AK
Reviewed
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jun 12, 2025 06:34 UTC
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XRP Lawsuit Update: Ex-SEC Lawyer Says ‘No Ruling Coming from Judge Torres,’ Here’s Why
Ripple and SEC’s 60-day settlement pause ends June 16; the SEC must file a status update on progress or return to court.
Judge Torres denied fast-track request in May; former SEC lawyer says no ruling is pending—focus now shifts to SEC’s next move.
The XRP community is keeping a close eye on the long-running Ripple vs. SEC lawsuit, with an important deadline approaching. On June 16th, the U.S. Securities and Exchange Commission (SEC) is expected to submit its official status report, which could decide whether both sides need more time to settle the case — or if the legal battle will continue in court.
To recap, Ripple and the SEC agreed earlier this year to pause the case for 60 days while working on a possible settlement. The court approved this pause on April 16, 2025. As part of the proposed deal, Ripple would pay a reduced fine of $50 million, down from the original $125 million, and both sides would drop their appeals. However, no final settlement has been reached so far.
Social Media Buzz and Clarifications
Amid this, social media has been filled with chatter and confusion. Many XRP holders and crypto followers are asking: “Any update on the Ripple vs. SEC case? When will Judge Torres rule on the appeal withdrawal?”
Former SEC attorney Marc Fagel addressed these questions and cleared up the situation. He explained that “There is nothing pending before Judge Torres for her to rule on. There is nothing in front of her to revisit. She found Ripple broke the law, enjoined them from future violations, and penalized them $125m. Ball is not in her court.”
Background: Recent Court Decision
For the unversed, these discussions resurfaced after Judge Analisa Torres issued a decision on May 15th. She denied both parties’ joint motion for an “indicative ruling” — a legal move they had filed in an effort to fast-track parts of their settlement. The judge called the motion “procedurally improper.”
Since then, all eyes have been on the June 16th status report from the SEC, which is expected to reveal whether both sides are making progress toward a final agreement or if more courtroom battles are ahead.
The Ripple case, ongoing for over four years now, has had a major impact on XRP’s price and investor sentiment. The next update could be crucial in determining what comes next for Ripple, XRP, and the broader crypto market.
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FAQs
The Ripple vs. SEC lawsuit is ongoing. While Ripple secured some favorable rulings, particularly regarding XRP not being a security in programmatic sales, a final settlement for the entire case, including institutional sales and a penalty, is still being negotiated.
XRP’s value in 2025 after the lawsuit is speculative. Analysts suggest a favorable settlement or a complete win could lead to significant price surges, potentially reaching double digits, as regulatory clarity encourages broader adoption.
If Ripple were to “lose” the remaining aspects of the lawsuit (e.g., if a settlement isn’t reached and the court upholds a higher penalty than proposed or stricter injunctions), it could face a larger financial penalty and continued regulatory restrictions, potentially impacting XRP’s market performance.
Yes 
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