XRP Case Update: SEC Makes Ripple Ask for More

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has entered a critical phase, with both parties now awaiting Judge Analisa Torres’ ruling on the revised settlement motion filed on June 12. Legal expert and XRP advocate Bill Morgan has offered fresh commentary, arguing that the SEC’s aggressive appeal strategy may have pushed Ripple to pursue more than it initially intended. How the SEC’s Appeal Changed Ripple’s Approach Following Judge Torres’ July 2023 summary judgment, the court delivered a split decision: XRP sales on exchanges and through algorithms were not securities transactions, but institutional sales violated federal securities laws. At the time, Ripple appeared prepared to accept the ruling in its entirety, including the less favorable determination on institutional sales. It seems likely to me that had the SEC not filed an appeal of the summary judgement decision of Judge Torres, that Ripple would not have filed an appeal on the institutional sales part of the summary judgement decision (although we cannot be sure) and the parties would have just… https://t.co/UN2vdHibN7 — bill morgan (@Belisarius2020) June 20, 2025 According to Bill Morgan, this might have remained the case had the SEC not filed an appeal challenging the court’s decision on programmatic sales. “It seems likely to me,” Morgan wrote on X, “that had the SEC not filed an appeal of the summary judgment decision… Ripple would not have filed an appeal on the institutional sales part… and the parties would have just moved on.” In other words, the SEC’s decision to appeal a partial loss reignited the conflict and shifted Ripple’s legal calculus. Ripple’s Response: From Defense to Offense The SEC’s aggressive posture, consistent with Chair Gary Gensler’s broader enforcement-first regulatory strategy, may have unintentionally strengthened Ripple’s resolve. As Morgan observed, “The SEC’s new policy towards enforcement has encouraged Ripple to seek more than it would have been satisfied with or lived with before the SEC filed its appeal.” Instead of settling for a partial win, Ripple now appears determined to challenge not only the SEC’s appeal but also to revisit the unfavorable ruling on institutional sales. This pivot signals a more assertive strategy from Ripple—one that aims not just to defend its past conduct but to shape future precedent for digital assets across the U.S. regulatory landscape. Settlement Efforts and Current Status Earlier this year, Ripple and the SEC jointly submitted a proposed judgment on the remedies phase of the case. However, on procedural grounds, Judge Torres declined to accept the proposal, requiring a refile. That amended motion was submitted on June 12, and both parties are now awaiting her decision. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The stakes remain high. The remedies phase could determine whether Ripple will pay financial penalties for its institutional XRP sales, and whether any further injunctive relief will be imposed. Should the judge’s ruling be unfavorable to Ripple, the company has signaled it may appeal the original finding that institutional sales constituted unregistered securities offerings. Implications for the Crypto Industry The Ripple case has become a defining battle in the broader struggle over how digital assets are regulated in the United States. Judge Torres’ original ruling marked the first time a federal court distinguished between different types of token sales, and her upcoming decision could further clarify, or complicate, the legal framework for crypto firms operating in the U.S. Bill Morgan’s analysis underscores a broader irony: by challenging a partial loss, the SEC may have triggered Ripple’s decision to fight harder. A case that could have quietly wrapped up under mutually accepted terms has now grown into a legal crucible that may influence crypto regulation for years to come. As the industry awaits Judge Torres’ next ruling, one thing is clear: what the SEC intended as pressure has instead emboldened one of the crypto industry’s most high-profile companies to ask for more. 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 XRP Case Update: SEC Makes Ripple Ask for More appeared first on Times Tabloid .

Source: TimesTabloid