Today may appear to be just another date on the calendar, but for XRP holders, it carries immediate legal and financial implications. Over the past week, speculation has intensified around what many believe could be the final major ruling in the long-running SEC vs. Ripple case. A ruling that may open the door to a complete settlement.
The context began shifting on June 12, when Ripple and the SEC jointly refiled a motion asking Judge Analisa Torres to issue an indicative ruling.
This request aims to vacate the injunction that blocks institutional XRP sales and to reduce the civil penalty from $125 million to $50 million. The parties also requested the release of the remaining $75 million still held in escrow, originally allocated for restitution.
Both parties initially filed a joint motion in May. But Judge Analisa Torres rejected this due to procedural errors, as the parties styled their filing as an indicative ruling under Rule 62.1 (used for pending appeals). However, what they sought was to vacate a final judgment, which legally requires a Rule 60 motion, a far stricter standard.
Legal Momentum Shifts Toward Resolution
Unlike earlier filings, this new motion is structurally stronger. It follows procedural guidance previously laid out by the court. By addressing those concerns, the refiled request has introduced renewed confidence among legal analysts that the court could now rule in favor of the adjustments.
If Judge Torres grants the motion, it would signal that she is inclined to modify her earlier final judgment. That, in turn, would allow the case to be remanded to the district court from the Second Circuit Court of Appeals. The result would be a clear path for both parties to withdraw their pending appeals and finalize a negotiated settlement.
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What’s Next for XRP?
While today was initially a deadline for filing a status update on a potential settlement, the crypto world is confident that Judge Torres will hand down her final ruling today, with one expert recently describing today as XRP’s judgment day.
XRP’s price has already reflected this optimism. The token saw a modest increase of about 1.2% in the lead-up to today’s expected developments, suggesting that traders are pricing in the potential for a favorable court decision.
While today’s decision is not guaranteed, the structure of the motion and the procedural history make it a critical inflection point. A positive ruling would likely mark the beginning of the end for a legal battle that has spanned over four years.
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 advised to conduct thorough 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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