April 16, 2025, has been highlighted as a key date in the ongoing legal case between Ripple and the U.S. Securities and Exchange Commission (SEC).
According to a post from crypto enthusiast JackTheRippler on X, Ripple was expected to file arguments today challenging the SEC’s appeal of a major 2023 court ruling.
The 2023 ruling, delivered by Judge Analisa Torres, found that XRP sales on public exchanges did not violate securities laws, which was a partial win for Ripple. However, the court also determined that Ripple’s institutional sales of XRP did violate securities laws. While the SEC has been working to appeal the court’s decision regarding public sales, the ruling on institutional sales remains unchanged.
What a Legal Expert Says About April 16
JackTheRippler’s post reflected the widespread expectation that Ripple would respond to the SEC’s appeal effort by April 16. However, legal analyst Fred Rispoli, cited by Times Tabloid, clarified that there’s a ten percent chance of a filing and a ninety percent chance of a settlement or case withdrawal.
He further explained the case’s current operation in two separate courts: the Southern District of New York under Judge Analisa Torres and the Second Circuit Court of Appeals
He explained that no changes—including any amendments to the injunctive order issued by Judge Torres—can occur at the district court level until the appellate process is fully resolved, either through a formal withdrawal of the appeal or a finalized settlement agreement.
Case Is Temporarily Paused
In a follow-up comment on the post, X user Alessandro noted that the case is currently paused. He pointed out that due to this pause, Ripple is not required to file anything today.
This information matches what was previously reported by Times Tabloid. According to that report, Ripple and the SEC agreed to hold the appeal process in abeyance due to a mutual agreement to settle, with final approval pending from the SEC Commission.
This development indicates no further legal briefs will be filed on the previously anticipated April 16 date. This aligns with Fred Rispoli’s prediction of a 90 percent chance of a settlement or case withdrawal.
The SEC’s decision to withdraw its appeal, announced by Ripple CEO Brad Garlinghouse on March 19, 2025, signifies a substantial shift in the legal proceedings between Ripple and the SEC. This move reflects a notable change in the regulatory approach, aligning with a broader trend of the SEC reevaluating its stance on cryptocurrency oversight.
Even though no court filing is happening today, April 16 still holds importance for the XRP community. It serves as a reminder of how closely the case is being followed and how quickly legal expectations can change.
With significant legal hurdles behind it and the SEC’s withdrawal of its appeal, Ripple appears to be in a stronger position moving forward. As Alessandro pointed out, “the overall trajectory of the Ripple-SEC case looks cautiously promising for Ripple.”
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.
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