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XRP Lawsuit Update: Ex-SEC Lawyer Says ‘No Ruling Coming from Judge Torres,’ Here’s Why

Published by
Anjali Belgaumkar and Qadir AK

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.

FAQs

Did XRP win the lawsuit against the SEC?

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.

How much will XRP be worth in 2025 after the lawsuit?

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.

What happens if Ripple loses the lawsuit against the SEC?

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.

Anjali Belgaumkar and Qadir AK

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.

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