Legal Expert Explains Recent Ripple and SEC Joint Filing in XRP Lawsuit

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another significant turn with a joint filing submitted on June 13, 2025. Legal analyst and XRP advocate Bill Morgan has pointed out that crucial legal developments remain unresolved, particularly the court’s response to the most recent joint motion, which seeks to modify the final judgment to facilitate a settlement. The motion’s fate could determine whether the nearly four-year litigation continues or finally comes to a close. Settlement Hinges on Court’s Acceptance of ‘Exceptional Circumstances’ In their joint motion, Ripple and the SEC argue that there are “exceptional circumstances” warranting a modification of Judge Analisa Torres’ final judgment issued earlier this year. Specifically, they seek to reduce the civil penalty and dissolve the permanent injunction imposed on Ripple. In the joint motion filed today by the SEC and Ripple to show exceptional circumstances, the parties rely on authorities that have held that exceptional circumstances exist where modification of a judgement is necessary to facilitate settlement that would obviate pending appeals… pic.twitter.com/MkcLT7C1e8 — bill morgan (@Belisarius2020) June 12, 2025 The motion references legal precedent supporting the idea that such modifications are justified when they are essential to executing a settlement that would end ongoing litigation and eliminate the need for appeals. Bill Morgan explains that the modification is not just a request—it’s a condition precedent to the settlement. In other words, the agreement between Ripple and the SEC can only take effect if the court approves the motion and modifies the judgment accordingly. If Judge Torres declines to find that such exceptional circumstances exist, the condition required for the settlement to proceed would remain unmet. Consequently, the settlement agreement would collapse, leaving both parties to pursue their respective appeal and cross-appeals before the U.S. Court of Appeals for the Second Circuit. This reality, Morgan argues, directly contradicts months of confident pronouncements by some influencers in the XRP community who have prematurely declared the case “closed.” According to him, and consistent with legal procedure, the matter remains very much alive and unresolved. Judge Torres’ Role in Finalizing the Legal Outcome The burden now lies with Judge Torres, whose July 2023 ruling made headlines for affirming that Ripple’s XRP sales to institutional investors constituted securities offerings, while rejecting the SEC’s claim that programmatic sales and XRP distributions to employees or third parties also fell under securities law violations. That split ruling set the stage for the current penalty phase, resulting in a financial penalty and a permanent injunction, both of which Ripple now seeks to amend through the joint motion. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Crucially, if the motion is denied, the original judgment would stand, and the SEC and Ripple would revert to active litigation before the appellate court. That scenario could prolong the case into late 2025 or beyond, with potentially significant ramifications for XRP’s legal status, Ripple’s operations, and broader crypto regulatory policy in the United States. The Broader Significance for the Crypto Industry Ripple’s battle with the SEC has become a defining legal conflict in the cryptocurrency industry. The outcome of this case may shape how digital asset companies structure their token sales and engage with U.S. regulators. For Ripple, the stakes are enormous. A finalized settlement would not only eliminate the immediate threat of expanded penalties or broader injunctions. Still, it would also bring long-sought regulatory clarity that could support future expansion in the U.S. market. From the SEC’s perspective, the litigation represents one of its most high-profile enforcement actions in the crypto sector. A concluded settlement could signal a pragmatic turn in the Commission’s enforcement strategy, especially under growing pressure from lawmakers, the courts, and a newly reinvigorated industry. Awaiting Judicial Determination Until Judge Torres rules on the joint motion, the litigation remains unresolved. While Ripple and the SEC have agreed on the terms of a potential settlement, their agreement cannot be effectuated unless the judgment is modified to accommodate it. If this legal prerequisite is not met, then, as Bill Morgan rightly underscores, the lawsuit will persist, and the appeal process will resume. For XRP holders, Ripple supporters, and the broader crypto legal community, the outcome of this motion could represent the final chapter, or merely the beginning of the next. One thing is clear: the narrative that the Ripple case is “over” is misleading. The court’s upcoming decision will be the definitive step in determining whether this landmark lawsuit is resolved or continues into appellate proceedings. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Legal Expert Explains Recent Ripple and SEC Joint Filing in XRP Lawsuit appeared first on Times Tabloid .

Source: TimesTabloid