TLDR
- The XRP lawsuit is progressing toward a potential settlement within weeks.
- Lawyer Bill Morgan stated that both Ripple and the SEC are awaiting a crucial court ruling.
- Ripple and the SEC filed a second joint motion for an indicative ruling on June 12, 2025.
- A joint status report was submitted on June 16 requesting to pause the appeal process.
- Bill Morgan believes Ripple’s push to dissolve the injunction caused delays in the case.
The long-running XRP lawsuit is now moving toward a resolution, with a possible settlement expected in the coming weeks. Attorney Bill Morgan has stated that the process is advancing through defined legal stages. The court’s decision on the pending indicative ruling will likely determine the next actions by both Ripple and the SEC.
XRP Lawsuit Enters Final Phase with Court Developments
Ripple and the SEC submitted a joint Rule 62.1 motion on May 8, 2025, seeking an indicative ruling. After Judge Torres denied their initial request, both parties refiled a second joint motion on June 12. On June 16, they submitted a joint status report requesting to keep the appeal and cross-appeal on hold.
This step is considered critical in the XRP lawsuit timeline, as it may open the way for final motions. Bill Morgan described the ruling as the next major milestone that will guide the conclusion of the case. The outcome will likely influence the potential settlement terms and next filings with the court.
If the SEC and ripple obtain the indicative ruling, the matter should be concluded within the next several weeks
— bill morgan (@Belisarius2020) June 18, 2025
Earlier actions included Ripple signing the settlement agreement on April 23, followed by the SEC on May 8, 2025. The appeal process was paused for 60 days starting April 16, providing time to seek an agreement. This timeline reflects coordination between both sides, showing progress in the XRP lawsuit resolution.
Bill Morgan Highlights Ripple’s Role in Lawsuit Delay
Bill Morgan noted Ripple’s request to dissolve the injunction has prolonged the XRP lawsuit beyond initial expectations. While both parties agreed on most terms, Ripple’s additional demands created delays in finalizing the agreement. According to Morgan, the SEC showed flexibility in meeting Ripple’s objective of lifting the injunction.
He emphasized that the SEC made significant concessions, even supporting Ripple’s aim to remove restrictions through the court process. Morgan added that a settlement could have occurred earlier if Ripple had not insisted on modifying the injunction terms. These actions shifted the timeline but not the shared intent to conclude the XRP lawsuit.
The court’s cooperation on recent motions signals that final relief terms may soon be negotiated. If the indicative ruling is approved, the next move will involve a motion for limited remand. Both parties are then expected to file with Judge Torres for approval of the agreed settlement conditions.
Final Motions Expected After Court Ruling
After the indicative ruling, Ripple and the SEC will seek remand and submit a motion reflecting their agreed resolution. If approved, the XRP lawsuit will proceed to closure, including a $50 million reduced fine payment by Ripple. This will be followed by a joint motion to dismiss the appeal and cross-appeal in the Second Circuit.
Bill Morgan remains confident that a settlement is near, contingent on the judge’s decision regarding the indicative ruling. The XRP lawsuit appears to be approaching its conclusion after years of litigation. All pending steps depend on the court’s upcoming response to the June motions filed jointly.
