Judge Torres Poised to Close Ripple vs SEC Case
A June 12 joint motion by Ripple and the SEC under Federal Rule 60 seeks to amend Judge Analisa Torres’s final judgment in the high-profile Ripple SEC case. The filing requests reducing Ripple’s $125 million penalty to $50 million, redirecting that sum to the SEC, and returning $75 million to Ripple, while lifting the injunction on institutional XRP sales. This follows the May 15 motion denial, addressed with procedural corrections and stronger legal arguments. On June 16, both parties asked the Second Circuit to hold appeals in abeyance pending Torres’s decision, expected “this week or next” per attorneys Bill Morgan and Fred Rispoli. A favorable ruling would dismiss appeals, reverse the injunction and trigger a limited remand before fully closing the Ripple SEC case. Markets have already shown short-term XRP price gains on ruling optimism. Traders should watch for formal court orders, as approval would resume Ripple’s institutional sales and could drive further bullish momentum. No guaranteed deadline exists, but a prompt decision remains likely.
Bullish
An imminent favorable ruling in the Ripple SEC case would lift the injunction on institutional XRP sales and reduce Ripple’s penalty, immediately restoring market confidence. Historically, positive court outcomes—such as the SEC’s narrow win on programmatic sales—have triggered sharp rallies in XRP. Approval of the Rule 60 motion would clear legal uncertainty, unlock supply for institutional buyers and likely extend the short-term price uptick into sustained gains, as traders capitalize on renewed capital inflows. Longer term, closure of the case removes a major regulatory overhang, underlining XRP’s legitimacy and potentially attracting new investment, reinforcing a bullish outlook.