The post XRP Lawsuit: Lawyer Reveals Expected Timeline for Ripple SEC Case Conclusion appeared on BitcoinEthereumNews.com.
On May 15, Judge Analisa Torres denied a joint motion from Ripple and the U.S. Securities and Exchange Commission (SEC) that sought approval for a proposed settlement structure. The motion, described as a request for an “indicative ruling,†was dismissed as “procedurally improper.†Judge Torres noted that even if the court had jurisdiction, she would not grant the request, further extending the long-running XRP lawsuit. Legal expert Fred Rispoli explained that the court viewed the motion as an attempt to bypass the rigorous legal standard required to remove the previously ordered injunction and reduce the financial penalty. Rispoli stated, “The parties fail to address the heavy burden they must overcome to vacate the injunction and substantially reduce the Civil Penalty.†Rispoli suggested the only path forward is to file a detailed motion, possibly around 25 pages, providing clear justification. He noted that this would take the SEC and Ripple several weeks to prepare. Judge Torres may take additional time to rule. He estimated the earliest conclusion in the XRP lawsuit could arrive by July. This has once again sparked discussions in the XRP community. Looking like July at the earliest now. — Fred Rispoli (@freddyriz) May 16, 2025 XRP Lawsuit: Legal Analysis and Disagreements Surface Following the court’s decision, several legal commentators shared their views on the outcome of the XRP lawsuit. Former SEC attorney Marc Fagel pushed back on the idea that Judge Torres was acting out of bias or political intent. He emphasized that Ripple was found to have violated securities laws and that the injunction and $125 million penalty were established legal remedies. Fagel addressed claims that the injunction was an unnecessary addition. “The court heard the evidence and agreed that Ripple should be enjoined. So the parties are basically going to her and telling her she…