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

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Is the Ripple vs. SEC Drama Ever Going to End? 🤔💸

So, here we are again, folks! The XRP community is glued to their screens, waiting for the latest episode of “As the SEC Turns.” Mark your calendars for June 16th, because that’s when the U.S. Securities and Exchange Commission (SEC) is supposed to drop its official status report. Will it be a cliffhanger or just more courtroom shenanigans? 🎭

Let’s rewind a bit, shall we? Earlier this year, Ripple and the SEC decided to hit the pause button on their legal soap opera for 60 days. The court gave a thumbs up to this little break on April 16, 2025. The proposed deal? Ripple pays a reduced fine of $50 million instead of the original $125 million. Sounds like a bargain, right? But hold your horses—no final settlement has been reached yet. 🐴💰

Social Media Buzz and Clarifications

Meanwhile, social media is buzzing like a beehive on caffeine. XRP holders and crypto enthusiasts are practically screaming: “Any update on the Ripple vs. SEC case? When will Judge Torres finally make a decision?” Spoiler alert: it’s not happening anytime soon! 😅

Enter former SEC attorney Marc Fagel, who swoops in to clear the air. He said, “There is nothing pending before Judge Torres for her to rule on. She found Ripple broke the law, slapped them with a $125 million penalty, and now the ball is not in her court.” Ouch! Talk about a mic drop! 🎤

Background: Recent Court Decision

For those who’ve been living under a rock, let’s recap. Judge Analisa Torres made headlines on May 15th when she denied both parties’ request for an “indicative ruling.” Apparently, they thought they could fast-track their settlement, but the judge was like, “Nice try, but that’s procedurally improper.” Burn! 🔥

Now, all eyes are on that juicy June 16th status report from the SEC. Will it reveal progress towards a final agreement, or are we in for more courtroom drama? The Ripple saga has been dragging on for over four years, and it’s had a serious impact on XRP’s price and investor vibes. The next update could be the game-changer we’ve all been waiting for! 🎲

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2025-06-12 09:37