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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