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

The XRP community is keeping a close eye on the long-running Ripple vs. SEC lawsuit, with an important deadline approaching. On June 16th, the U.S. Securities and Exchange Commission (SEC) is expected to submit its official status report, which could decide whether both sides need more time to settle the case — or if the legal battle will continue in court.

To recap, Ripple and the SEC agreed earlier this year to pause the case for 60 days while working on a possible settlement. The court approved this pause on April 16, 2025. As part of the proposed deal, Ripple would pay a reduced fine of $50 million, down from the original $125 million, and both sides would drop their appeals. However, no final settlement has been reached so far.

Social Media Buzz and Clarifications

Amid this, social media has been filled with chatter and confusion. Many XRP holders and crypto followers are asking: “Any update on the Ripple vs. SEC case? When will Judge Torres rule on the appeal withdrawal?”

Former SEC attorney Marc Fagel addressed these questions and cleared up the situation. He explained that “There is nothing pending before Judge Torres for her to rule on. There is nothing in front of her to revisit. She found Ripple broke the law, enjoined them from future violations, and penalized them $125m. Ball is not in her court.”