Ripple vs SEC Ruling May Arrive Earlier Than Expected Amid Legal Momentum

Highlights:

• Lawyer expects Judge Torres to rule before August despite ongoing appeal pause in XRP case
• Ripple and SEC filed a revised joint motion on June 12 for injunction dissolution
• Developments follow broader momentum in crypto policy from the U.S., South Korea, and Pakistan

Judge Analisa Torres could rule earlier than expected in the high-profile legal case between Ripple and the U.S. SEC. A 60-day pause in the appellate process was granted until August 15, but legal analysts expect faster progress. Ripple and the SEC filed a revised joint motion on June 12 requesting the injunction against Ripple be lifted.

The new filing addresses prior procedural issues that led to a denial of the earlier motion submitted in May. Ripple had previously signed the settlement agreement on April 23, with the SEC signing on May 8. The SEC then requested a suspension of the appeal process, which the court approved for 60 days.

Legal Strategy and Timeline

Legal expert Bill Morgan believes Judge Torres will not wait until August to rule on the motion. He explained that further delays could complicate the process of reaching a final settlement. Ripple reportedly wants the injunction lifted before any appeal is resolved to conclude the case on favourable terms.

Morgan argued that Ripple’s legal strategy, not the SEC, is primarily responsible for the current delays. Ripple had been content with the summary judgment until the SEC initiated an appeal against it. In response, Ripple filed a cross-appeal concerning the ruling on institutional XRP sales.

The legal process now involves several additional steps before the case reaches full resolution. Ripple and the SEC will file a motion to the appeals court requesting limited remand authority. They will also seek Judge Torres’ ruling on their joint request to dissolve the existing injunction.

Next Steps and Broader Momentum

If Judge Torres approves the motion, Ripple is expected to pay a reduced fine of $50 million. Following that, both parties will file motions to dismiss the active appeal and cross-appeal in the Second Circuit. Legal experts say these steps are likely to proceed quickly if Judge Torres rules in the near term.

Meanwhile, broader global crypto policy shifts add context to Ripple’s ongoing legal momentum. President Trump recently met with Pakistani officials to discuss digital assets and crypto policy cooperation. This meeting has been interpreted as a positive signal for international crypto adoption and potential XRP utility.

Regional Developments and Market Implications

In Asia, South Korea’s Financial Services Commission has submitted a roadmap to approve spot XRP and crypto ETFs. The proposals target rollout in the second half of 2025 and may boost regional institutional interest in XRP. Such developments align with the growing global demand for regulated digital asset infrastructure.

The Ripple-SEC case remains under close watch, as its outcome could significantly influence U.S. crypto policy. Analysts believe a favourable ruling could ease regulatory risks for other token projects and stablecoin issuers. If finalized soon, the case could mark a defining moment for XRP’s legal clarity and market positioning.

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