XRP News Today: Ripple and SEC Seek Resolution in XRP Legal Battle by June 16

The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) is approaching a pivotal moment, with June 16 emerging as a potential turning point for XRP. After four and a half years of legal proceedings, the courtroom battle is nearing its conclusion. On June 12, both Ripple and the SEC jointly refiled a motion requesting an indicative opinion from Judge Analisa Torres. In this filing, Ripple asked the court to reduce the financial penalty imposed on the company to $50 million and to lift the injunction that prevents Ripple from selling XRP tokens to institutional investors.

This is not the first attempt by both parties to dismiss the case through a joint filing. Earlier in May, a similar motion was denied by the court due to procedural errors. Judge Torres ruled that the motion did not comply with the proper legal procedures and did not demonstrate the exceptional circumstances required to apply Rule 60(b). In response, Ripple's legal team corrected the formal errors the next day, submitting an amended motion that included appropriate precedents and established a legal basis expected to deliver the relief sought. This indicates a collaborative effort between Ripple and the SEC to resolve the protracted case amicably.

The SEC is required to submit a status update to the U.S. Court of Appeals for the Second Circuit by June 16. This report must indicate whether both parties have reached a settlement, agreed to extend negotiations, or intend to proceed with the appeal. Legal expert Fred Rispoli, who previously predicted the timing of the joint motion, believes the recent filing is strategically timed to influence the court’s response. By filing the motion before the deadline, Ripple and the SEC aim to potentially cause the appeals court to voluntarily withhold further action for 60 hours. This would allow Judge Torres to make her ruling without interference from the appeal process.

If the motion is granted, both parties are expected to voluntarily drop their appeals, thereby terminating the lawsuit. This would mark the end of a high-profile court case that has significantly impacted the market position of XRP and its future regulation. With the refiling now a reality and the appeals court deadline approaching, June 16 could be the day that resolves the legal issues surrounding XRP. These next few days are crucial for Ripple and the entire cryptocurrency community.

The outcome of this legal dispute could have far-reaching implications for the future of XRP and the broader cryptocurrency market. A favorable ruling for Ripple could unlock massive institutional interest, potentially leading to a surge in price and increased liquidity. Major exchanges and brokerage apps may restore full trading pairs for XRP, which has been hindered by the legal uncertainty surrounding its classification as a security. Conversely, an unfavorable ruling could force delistings on U.S. venues, leading to a potential drop in price and increased regulatory uncertainty for similar tokens.

The legal battle has also highlighted the broader regulatory challenges facing the cryptocurrency industry. The outcome of the Ripple vs. SEC case could set a precedent for how other digital assets are classified and regulated. This could have implications for the entire cryptocurrency market, as other tokens and projects may face similar legal challenges in the future. The potential resolution of the Ripple vs. SEC case comes at a time when the cryptocurrency market is already facing significant volatility. Geopolitical tensions have sent shockwaves through global markets, including cryptocurrencies. The SEC's decision in March 2025 to drop its lawsuit against Ripple, settling for $125 million, injected much-needed clarity into XRP's regulatory standing. This settlement could pave the way for broader adoption and institutional investment in XRP, which has been hindered by the legal uncertainty surrounding its classification as a security.