Ripple vs SEC—Why June 16 Could Be a Game-Changer

• Bill Morgan says that XRP is a legal certainty, since no ruling contradicting Judge Torres’ statement has been issued.
• Ripple will have to report again on 16th June if they do not settle the case.

Bill Morgan warned that the Ripple-SEC case may continue another 60 day if a new motion was not filed before June 16. Morgan stated in a blog post recently on X, that if there are no more filings before the June 16 deadline, then the cross-appeal will resume and Ripple would be required to file its next brief. He noted, Ripple is required to provide a briefing by that date, or else the appeal and cross-appeal will continue.

If the case has not been heard by Judge Analisa Turres, then the proceeding is likely to stagnate again. Morgan’s remarks come in the wake of reports that a $50 million penalty agreement was unconfirmed and amid increasing speculation about a lifting of the proposed order. There are some rumors, but there is no official filing. In fact, Judge Torres has previously dismissed the joint settlement on procedural reasons.

Fred Rispoli, an attorney at Rispoli Law Firm in New York City, reiterated that this date of June 16 was a deadline for reporting and not a final settlement. U.S. Court of Appeals requires that parties inform it of the current situation. 

XRP Legal Clarity defended as SEC quiet on Appeal

Bill Morgan addresses the claims of a slanderous online post in another discussion. XRP’s legal status remains unclear. He called the idea false and reiterated that Torres’ ruling that XRP was not a financial instrument had been made. Morgan said the SEC appeal didn’t dispute this point.

This is a falsehood. A judge has ruled that XRP is not a security. SEC Appeal has not challenged this ruling. The biggest lie in cryptocurrency this year is to say that XRP lacks legal clarity. https://t.co/6x1AycUxja

— bill morgan (@Belisarius2020) June 1, 2025

The judge did not consider the expression of his opinion as mere dicta. He said that this had a legal meaning. Morgan claimed that this is a clearer explanation of XRP than before. BitcoinThe XRP regulatory authority has not received any official legal position. He said that the interpretation of the judge has not been contested and shouldn’t be overlooked when assessing XRP’s legitimacy as a regulatory currency.

SEC Roundtable Could Signal Broader Shifts in Crypto Policy

Ripple could be brought up again during SEC’s roundtable discussion on digital assets, scheduled to take place June 9. Speakers at this session include SEC chair Paul Atkins as well as Commissioners Caroline Crenshaw Mark Uyeda Hester Peirce. Crenshaw, the commissioner who voted in opposition to Ripple’s settlement plan for dilution of legal processes and underpayment of investors.

Recently, the SEC has dropped many high-profile cases including suits against Binance, Coinbase, and others. Analysts claim that the SEC is rethinking its enforcement strategy for crypto. The SEC’s willingness to compromise will be revealed if Ripple’s case is taken up.

Torres, the judge who originally denied an earlier request for a ruling indicative due to flimsy arguments regarding public interest and investor safety. Now, the SEC faces pressure from its own members to submit a revised version that adheres to all procedural requirements. It will be determined if Ripple Will the Agency continue its initial challenge in relation to XRP Sales Programmatic?

Press time XRP It is priced at $2.17 with a $127 billion market capitalization and $1.18 billion of 24-hour trading volume. This token had little volatility, trading from $2.17 up to $2.19 within a single day.

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