Ripple SEC Lawsuit: Judge Torres to Drop Verdict in Days, Not August

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🚨 Ripple vs. SEC: The Verdict is Coming Sooner Than Your Last Relationship! 💔

So, here we are again, folks! The Ripple Labs and SEC saga continues, and guess what? Judge Analisa Torres might just drop a verdict faster than you can say “cryptocurrency.” Legal experts are buzzing that we could see a decision in mere days. Yes, you heard that right—DAYS! Not August, not next year, but like, right now-ish. 🎉

Now, the SEC, in a classic move, has decided to file a status update with the U.S. Court of Appeals for the Second Circuit. They’re asking for a 60-day extension on holding the appeal in abeyance. Because who doesn’t love a good delay, right? 🙄 But don’t worry, this doesn’t mean we’re waiting until August for the judge to make up her mind about the joint motion. Nope, that’s still on the table, and it could be served hot any day now!

Pro-XRP attorney Bill Morgan took to social media to clarify the situation, saying, “This doesn’t delay the decision on the joint motion filed last week until August.” So, basically, the SEC is just trying to stretch this out like a bad Netflix series. 📺

This doesn’t delay the decision on the joint motion filed last week until August. The SEC only sought to extend the period in which the appeal/cross-appeal are held in abeyance for a further 60 days. The decision of Judge Torres on the joint motion could be delivered in days.

— bill morgan (@Belisarius2020) June 17, 2025

According to attorney James K. Filan, the SEC’s latest submission is like a pause button on the appellate proceedings while they wait for a motion under Federal Rule of Civil Procedure 60. It’s like they’re saying, “Hey, can we just hit pause while we figure this out?” Classic! 🎮

On June 12, Ripple and the SEC decided to play nice and jointly requested to lift the injunction from the court’s Final Judgment. They even proposed releasing $50 million from the $125 million penalty currently held in escrow. Because who doesn’t love a good negotiation? 💰

Sherrie, our legal analyst extraordinaire, pointed out that the next big moment hinges on Judge Torres’ decision. “Either we get an answer this Thursday or perhaps next week,” she said. So, basically, it’s like waiting for your crush to text you back. 😬

Mark your calendars, folks! The next official update from the SEC is due on August 15. But let’s be real, the judge could drop her decision at any moment. As Bill Morgan said, “The decision of Judge Torres on the joint motion could be delivered in days.” So, keep your eyes peeled and your popcorn ready! 🍿

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2025-06-17 19:36