TLDR

Ripple and the SEC are awaiting Judge Analisa Torres’ ruling on the revised settlement filed on June 12.
The court’s 2023 judgment found XRP programmatic sales lawful but ruled institutional sales violated securities laws.
Ripple initially appeared ready to accept the mixed judgment without pursuing further legal action.
The SEC’s appeal on programmatic sales prompted Ripple to reconsider and adopt a more assertive legal strategy.
Ripple is now prepared to appeal the unfavorable institutional sales ruling if the court imposes strict penalties.

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have entered a decisive phase in their ongoing legal battle. Following a revised settlement motion filed on June 12, both parties now await a ruling from Judge Analisa Torres. The outcome may impact Ripple’s future operations and shape digital asset regulation across the country.

The case stems from allegations that Ripple sold unregistered securities through institutional XRP sales. While a July 2023 ruling partially favored Ripple, it also found the company in violation of federal law for certain transactions. Although Ripple initially accepted the mixed outcome, the SEC’s appeal strategy triggered a change in Ripple’s legal approach.

Ripple’s amended stance signals a more determined effort to contest the institutional sales ruling. The company appears less willing to concede, as it now prepares for potential appeals. This shift has added pressure to a case already seen as pivotal for the crypto industry.

SEC’s Appeal Reshapes Ripple Legal Strategy

The SEC’s decision to appeal parts of the summary judgment has significantly altered Ripple’s litigation stance. Earlier, Ripple seemed willing to accept the court’s finding on institutional sales, but now it appears more aggressive. Legal analysts suggest the SEC’s move influenced Ripple’s decision to contest earlier unfavorable rulings.

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

The July 2023 summary judgment determined that only institutional XRP sales violated securities laws. It found that programmatic sales and other distributions did not meet the same standard. Initially, Ripple accepted the decision and moved to comply with the process.

However, by appealing the ruling on programmatic sales, the SEC extended the conflict. Ripple, in response, reconsidered its legal options and intensified its defense. This change has resulted in a broader challenge to the SEC’s enforcement claims.

Ripple Prepares for Broader Challenge in Remedies Phase

The remedies phase could determine Ripple’s financial penalties and the scope of any future injunctions. Judge Torres previously rejected a proposed joint judgment for procedural reasons, prompting a revised motion submitted on June 12. Both Ripple and the SEC are now waiting for the court’s final decision.

Ripple’s willingness to appeal the institutional sales ruling may depend on the penalties imposed. If the judge imposes harsh remedies, Ripple is expected to challenge the original finding. This legal move could extend the case and potentially reach higher courts.

The company’s posture indicates a desire to influence broader precedent on digital asset classification. Ripple may seek clarification on the scope of securities law as it applies to cryptocurrencies. The outcome could have lasting effects across the digital asset space.

The post SEC Appeal Spurs Ripple to Contest Institutional XRP Sales Ruling appeared first on CoinCentral.

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Filed under: News - @ June 20, 2025 5:28 pm