{"id":32474,"date":"2025-06-18T13:46:32","date_gmt":"2025-06-18T13:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32474"},"modified":"2025-06-18T13:46:32","modified_gmt":"2025-06-18T13:46:32","slug":"xrp-lawsuit-lawyer-predicts-final-ruling-by-next-week-as-odds-improve","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32474","title":{"rendered":"XRP Lawsuit: Lawyer Predicts Final Ruling By Next Week As Odds Improve"},"content":{"rendered":"
\n

Ripple Labs\u2019 latest courtroom maneuver has revived hopes that the company\u2019s five-year battle with the US Securities and Exchange Commission could be functionally over within days. In a two-page supplemental letter filed on 17 June, Ripple asked US District Judge Analisa Torres to grant an \u201cindicative ruling\u201d signalling that she would dissolve the injunction contained in last August\u2019s final judgment and accept the parties\u2019 agreed reduction of the civil penalty to $50 million.<\/p>\n

XRP Ruling Next Week?<\/h2>\n

The filing\u2014submitted one week after the SEC and Ripple jointly renewed their Rule 62.1 motion under the stricter Rule 60(b)(6) standard\u2014argues that lifting the so-called \u201cobey-the-law\u201d injunction would not alter Ripple\u2019s substantive obligations because \u201cRipple, like every other market participant, is obligated to follow the law, regardless of whether an injunction is imposed or not.\u201d<\/p>\n

The renewed motion<\/a> itself, lodged on 12 June, sets out the procedural chain required to end the litigation: if Judge Torres grants the indicative ruling, the parties will petition the US Court of Appeals for the Second Circuit for a limited remand; once the district court formally dissolves the injunction and enters the reduced penalty, both sides will move to dismiss their appeal and cross-appeal. The joint brief contends that \u201cexceptional circumstances\u201d exist because settlement now would conserve judicial resources, remove appellate risk on both sides and align Ripple\u2019s posture with other digital-asset defendants whose cases the Commission has recently dropped.<\/p>\n

Crypto defence lawyer Fred Rispoli believes<\/a> the supplemental letter may be decisive. Writing on X shortly after it appeared, he noted that \u201cat 1.5 pages, this is not the strongest attempt\u2014but it\u2019s an attempt,\u201d before highlighting three omissions the letter finally corrects: the primacy of appellate courts, the reality that dissolving the injunction changes nothing about Ripple\u2019s legal duties, and the SEC\u2019s own choice to make Ripple an early test case.<\/p>\n

\u201cI\u2019m still underwhelmed but feeling more optimistic. This may push us over the line,\u201d he concluded. Responding to community questions, Rispoli forecast that Judge Torres is \u201chighly likely\u201d to rule this week or next; a positive ruling would trigger the remand process and, once formalised, \u201cthen case over.\u201d<\/p>\n

His cautiously upbeat assessment drew support from immigration attorney and crypto commentator Greg Beuke, who agreed: \u201cGlad to see Ripple explain they would still have to follow the law without an injunction. Would\u2019ve liked to see a bit more explanation of the importance of dismissing injunction, and the reason for the request. Nevertheless, I think this letter improves the chances of approval.\u201d<\/p>\n

James Farrell queried why Ripple was \u201cfighting so hard to get it vacated\u201d if the XRP injunction truly changes nothing; Rispoli retorted that critics were comparing Ripple to \u201cobvious fraud cases\u201d and ignoring more than a dozen crypto defendants\u2014Kraken, Coinbase, Consensys, Robinhood and others\u2014whose enforcement actions the SEC has abandoned altogether.<\/p>\n

What Still Needs To Happen Afterwards?<\/h2>\n

Pro-XRP lawyer Bill Morgan laid out<\/a> the settlement timetable in a thread updated on 18 June. According to Morgan, the parties signed a settlement agreement on 23 April (SEC approval followed on 8 May), obtained a 60-day pause of the appellate calendar through 16 June and filed their second, procedurally compliant Rule 62.1\/60 motion on 12 June. The missing piece is Judge Torres\u2019s indicative ruling; once that drops, the remaining steps\u2014remand, formal order, payment of the $50 million penalty and dismissal of the appeals\u2014could be completed \u201cwithin the next several weeks,\u201d Morgan wrote.<\/p>\n

While Ripple waits, the appeals remain frozen. In a status report dated 17 June<\/a>, the parties asked the Second Circuit to keep the case in abeyance and promised an update by 15 August 2025. The filing reiterates that the settlement is \u201csubject to Commission approval,\u201d but states that both sides prefer to conclude the matter in the district court if Judge Torres is willing.<\/p>\n

The district judge\u2019s summary-judgment ruling of 13 July 2023\u2014in which she held that programmatic sales of XRP on exchanges were not investment contracts\u2014remains untouched. Last year she imposed a $125 million penalty<\/a> and the injunction now under challenge; both were stayed while the appeals proceeded. The renewed motion asks the court to modify only those remedial provisions, leaving the merits intact.<\/p>\n

For XRP holders, the calendar is now binary. If Torres issues the indicative ruling in the coming days, the Second Circuit could remand the case well before the 15 August status deadline, allowing the parties to implement their deal and terminate the litigation during the summer recess. Should she deny the request, the case would revert to the appellate track, where briefing has been stalled since April. Rispoli, for one, sees momentum in Ripple\u2019s favour: \u201cThis may push us over the line.\u201d<\/p>\n

At press time, XRP traded at $2.16.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple Labs\u2019 latest courtroom maneuver has revived hopes that the company\u2019s five-year battle with the US Securities and Exchange Commission could be functionally over within days. In a two-page supplemental letter filed on 17 June, Ripple asked US District Judge Analisa Torres to grant an \u201cindicative ruling\u201d signalling that she would dissolve the injunction contained […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32474","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32474"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32474\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}