XRP News Today: Ripple vs. SEC Case Decision Expected Soon, Penalty Reduction Sought

Judge Analisa Torres is reportedly ready to close the Ripple (XRP) vs. SEC case, according to a recent post on X by JacktheRippler. This claim, while still a rumor, aligns with the procedural developments in the ongoing lawsuit between Ripple Labs and the SEC. On June 12, both parties jointly filed a renewed motion under Federal Rule of Civil Procedure 60, requesting Judge Torres to amend her final judgment. The motion seeks to reduce Ripple’s $125 million penalty to $50 million, with the amount to be distributed to the SEC and the remaining $75 million returned to Ripple. Additionally, the motion aims to dissolve the injunction blocking Ripple’s institutional XRP sales, citing “exceptional circumstances” such as regulatory shifts and a mutual desire to avoid prolonged litigation.

This filing comes after the May 15 rejection of a similar request, which was denied due to procedural deficiencies and insufficient justification. The new motion is considered stronger and more meticulously presented. Simultaneously, the parties filed a status report with the Second Circuit on June 16, asking the appeals and cross-appeals to remain in abeyance while the district court considers the motion. The SEC is expected to submit another update by August 15 if the motion remains pending. However, legal experts predict a decision “this week or next,” with some stating that Judge Torres is likely to grant the motion.

Bill Morgan, a pro-XRP attorney, remains optimistic about the motion’s chances, emphasizing its procedural corrections and strong content. He believes the improved structure might persuade Judge Torres this time. Morgan also noted that dismissing appeals and closing the case would reduce judicial burden, making approval pragmatic. Fred Rispoli, though cautious, echoed expectations of imminent rulings. A former SEC lawyer, Marc Fagel, countered any assumption of an August deadline, stating that the case is not stalled until then and that Judge Torres remains well within her discretion to rule at any time.

If Judge Torres approves the motion, appeals would be formally dismissed, the injunction lifted, and the penalty restructured. A limited remand to the Second Circuit would then follow to finalize and dismiss the case fully. Should the motion be denied again, the injunction would stand, appeals would proceed, and settlement hopes would dim, delaying resolution into the late summer or beyond. While JackTheRippler’s claim remains unverified, it echoes widespread belief in a decision “imminently,” bolstered by expert commentary forecasting a ruling “this week or next.” Legal observers caution, though, that until the district court’s written opinion is issued, nothing is finalized. Even so, the timeline is unmistakably tight.