TLDR

The SEC must submit a status report to the Appeals Court by June 16 as part of the XRP lawsuit.
Ripple and the SEC agreed to a 60-day pause in the appeal process in April.
XRP attorney Bill Morgan expects a significant legal development before the June deadline.
The future of the XRP lawsuit could depend on the SEC’s next legal step.
Legal experts remain divided over the possibility of a near-term settlement.

The XRP lawsuit approaches a key deadline as the SEC’s 60-day pause nears its expiration. XRP attorney Bill Morgan expects a significant development before the June 16 deadline. Legal experts continue to express mixed opinions on the likelihood of a resolution before appeal proceedings resume.

Ripple and the SEC earlier agreed to pause the ongoing appeal process following the Second Circuit Court’s approval in April. The court required the SEC to file a status update by June 15, 2025, to outline its next legal move. As the deadline approaches, speculation is growing about whether the case will shift direction or continue into extended litigation.

The count down to the date the SEC must report to the Appeal Court is now 12 days. Something has to happen by then or the Appeal and Cross-appeal continues and a briefing is due from Ripple. pic.twitter.com/pxImvvJxGG

— bill morgan (@Belisarius2020) June 4, 2025

This deadline marks 60 days since the temporary pause was granted, making it a pivotal point for both parties. Bill Morgan emphasized that the countdown signals that something material is expected to occur. Either the appeal process will continue, or both sides may reveal a new legal strategy.

XRP Lawsuit Awaits SEC’s Next Move

Ripple awaits the SEC’s next step, which could involve either proceeding with the appeal or proposing a resolution. The XRP lawsuit’s future could hinge on the agency’s report to the appellate court, which is due in less than two weeks. The absence of new motions since April fuels anticipation around potential filings this month.

The XRP legal team is also preparing for the possibility of renewed appellate proceedings should no agreement be reached. The SEC’s obligation to report could trigger a fresh briefing round from Ripple in response to the appeal. Ripple’s response would then shape the appeal’s direction for the rest of 2025.

Some analysts suggest that the appeal and cross-appeal process will continue if no settlement emerges by June 15. The briefing stage could resume immediately, moving the XRP lawsuit deeper into litigation. Legal observers point out that the lack of recent filings signals ongoing internal strategy discussions.

Legal Community Divided Over Settlement Possibilities

While Bill Morgan signals an imminent update, others within the legal field remain skeptical of a quick resolution. Holland & Knight’s Andrew Balthazor stated the delay suggests deeper complexities than anticipated. He noted that both parties had time to file a joint motion but chose not to.

Contrastingly, Keri Axel of Waymaker LLP believes settlement talks remain active, and she sees the appeal phase as a typical hurdle. According to Axel, settlements often occur during appeal, making the pause potentially productive. She maintains that resolution remains achievable despite prior disagreements between the parties.

 

The post Ripple vs. SEC Update: Key Filing Expected as XRP Lawsuit Deadline Looms appeared first on CoinCentral.

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Filed under: News - @ June 5, 2025 8:29 am