- Judge Torres may rule early in the Ripple-SEC case, potentially speeding up final settlement talks.
- Ripple and SEC seek to dissolve the injunction, with Ripple facing a possible $50M reduced fine.
- Global crypto policy shifts include South Korea’s XRP ETF roadmap and Trump’s talks with Pakistani officials.
Judge Analisa Torres may rule sooner than expected in the high-profile legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Although a 60-day pause was granted in the appellate process until August 15, legal experts anticipate a quicker resolution.
On June 12, Ripple and the SEC jointly filed a revised motion asking Judge Torres to lift the injunction against the XRP platform. This new filing addresses earlier procedural flaws that led to the denial of a similar motion in May. Ripple had initially signed the settlement on April 23, with the SEC following on May 8. The SEC then requested the 60-day suspension of the appeal, which the court approved.
Legal expert Bill Morgan believes Judge Torres is unlikely to wait until August. He argues that additional delays could complicate final settlement negotiations. Ripple is reportedly eager to have the injunction lifted before the appeal concludes, seeking to resolve the case on favorable terms.
Morgan also suggests that Ripple’s legal tactics have contributed to the delays. Ripple was initially satisfied with the summary judgment until the SEC filed an appeal. In response, the XRP platform launched a cross-appeal related to the court’s ruling on institutional XRP sales.
Ripple Eyes $50M Settlement as XRP Adoption Grows
Several steps remain before a full resolution is reached. Ripple and the SEC plan to file a motion to the appeals court, requesting limited remand authority. They are also waiting for Judge Torres to rule on their joint request to dissolve the existing injunction.
If Judge Torres approves, the XRP platform is expected to pay a reduced fine of $50 million. After that, both parties would file motions to dismiss the active appeal and cross-appeal at the Second Circuit Court. Legal observers believe these steps could move quickly if Judge Torres rules soon.
Beyond the courtroom, international crypto developments are gaining attention. Recently, former President Trump met with Pakistani officials to discuss digital asset policy and possible cooperation. The meeting is being viewed as a positive sign for global crypto adoption and potential use cases for XRP.
In Asia, South Korea’s Financial Services Commission has proposed a roadmap to approve spot XRP and crypto ETFs. These plans aim for a launch in the second half of 2025 and could attract significant institutional interest. Such global developments highlight the growing demand for regulated crypto investment products.
The Ripple-SEC lawsuit remains a key focus for the industry. Its outcome could set an important precedent for U.S. crypto regulations. A favorable ruling may also ease regulatory uncertainty for other crypto projects and stablecoin issuers. If resolved soon, it could provide much-needed legal clarity for XRP’s future in global markets.
Related | Ripple’s $125M Penalty Deal With SEC Stalls: Court Approval Still Pending
