Judgment Day For XRP: Here’s Why XRP Holders Anticipate June 16

With the Ripple vs. SEC lawsuit now lasting four and a half years, the proceedings are nearing a conclusion, and many legal experts believe June 16 could be judgment day for XRP. Recent Attempts to End the Legal Dispute In early May, Ripple and the SEC filed a joint motion seeking Judge Torres’s indicative ruling. They aimed to reduce Ripple’s $125 million penalty to $50 million and lift the injunction against Ripple preventing institutional XRP sales. However, on May 15, the judge dismissed the motion as procedurally improper, citing their failure to invoke the correct federal rule and to show “exceptional circumstances” under Rule 60(b). Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), confirmed that the dismissal did not undermine previous legal victories or XRP’s status and was only a procedural error. Rather than accept defeat, the parties refiled the motion on June 12. The new version addresses Judge Torres’ concerns and again requests lifting the institutional sales injunction and a $75 million return to Ripple after the SEC payment. Both parties backed up their stance with established precedents and are seeking an indicative ruling. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Why XRP Holders Anticipate June 16 June 16 has been widely interpreted as the day the case will conclude. The date marks a deadline for the SEC to file a status report with the U.S. Court of Appeals for the Second Circuit. This report must describe whether the parties have settled, requested an extension, or allowed the appeal to resume. While both parties stayed silent for some time, the new motion has stirred hope that Judge Torres will deliver the ruling on the settlement on that date. Fred Rispoli, a popular attorney who predicted the joint motion filing , noted that filing before the June 16 deadline would make the Second Circuit extend the status report deadline by another 60 days rather than resuming appeal proceedings. If Judge Torres grants the new motion, both parties are expected to move to dismiss the appeals in the Second Circuit, paving the way toward final settlement procedures. With the joint motion resubmitted, the court has the opportunity to resolve the four-and-a-half-year-long case and bring Ripple and XRP close to freedom from legal troubles. 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 Judgment Day For XRP: Here’s Why XRP Holders Anticipate June 16 appeared first on Times Tabloid .

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