XRP Case Update: Ripple and SEC to File Rule 60 Motion: Legal Expert Explains

A key court deadline is approaching in the legal battle between Ripple and the U.S. Securities and Exchange Commission, and the silence from both parties over the past few weeks has raised questions concerning the lawsuit’s future. Fred Rispoli, an attorney and well-respected figure in the XRP community, has addressed these concerns, offering insight into what may happen next. In a reply posted on June 11, he stated, “I’m betting we see Ripple and SEC file the Rule 60 motion to Torres tomorrow or Monday”. This anticipated filing could be critical ahead of the June 16 deadline for a status update in the Second Circuit. I’m betting we see Ripple and SEC file the Rule 60 motion to Torres tomorrow or Monday. Otherwise there is nothing good for the parties to tell the 2nd Cir in their 6/16 status report. If they file with Torres before the status report, then solid chance 2nd Cir gives another 60… — Fred Rispoli (@freddyriz) June 11, 2025 Time Pressure Ahead of the Status Report Earlier on June 4, Rispoli had pointed out that despite the deadline fast approaching, there was still “no refile yet by SEC and Ripple in district court.” He emphasized that the June 16 status update looms large and suggested that a refile would likely occur before that deadline. If nothing is pending before her at that time, then the parties may be left with little to report. While both parties initially filed the settlement agreement, Judge Torres rejected the filing as it was made under Federal Rule of Civil Procedure 62.1, but should have been brought under Rule 60. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Rispoli added that the denial of the first request would be all that the Second Circuit has to review if no motion is filed beforehand. Without a refile, the appellate court may push the case out another 60 days, further delaying resolution. However, if the motion is filed, the Second Circuit may consider granting additional time. Rispoli also previously speculated about the next step in the case and revisited the tone set by Judge Torres. According to him, her message was “clear that both parties need to beg for forgiveness.” He remarked that while Ripple might be willing to do so publicly, it remains to be seen how far the SEC will be allowed to go. Countdown to June 16 With only a few days left until that deadline, the focus now shifts to Judge Torres’ docket. If Ripple and the SEC file the Rule 60 motion as predicted, it could buy both sides more time and clarity in the appeal process. XRP is expected to rise following the June 16 deadline , and a prominent analyst recently highlighted a six-month consolidation pattern meant to be completed on that day. Positive developments in the lawsuit could contribute significantly to XRP’s growth, and the community is eagerly anticipating a move from either party before the deadline. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Case Update: Ripple and SEC to File Rule 60 Motion: Legal Expert Explains appeared first on Times Tabloid .

Source: TimesTabloid