The XRP lawsuit has spanned nearly four and a half years, but recent developments hint at a potential resolution. Rumors swirl around a possible settlement between Ripple and the SEC on June 13, just days before the SEC’s 60-day update window closes. Could this mark the end of the legal battle? Let’s explore.
XRP Lawsuit Persists Despite "Not Security" Ruling
The SEC vs. Ripple case remains a pivotal legal clash in crypto, with the SEC alleging XRP violates securities laws. In 2023, Judge Analisa Torres ruled that XRP isn’t a security when sold on public exchanges. Yet, the lawsuit lingers due to unresolved penalty terms and a rejected joint request by both parties.
Investors remain divided. Some argue XRP lacks legal clarity, while others, like Ripple lawyer Bill Morgan, assert it has more clarity than Bitcoin. The plot thickens with mysterious filings like Justin Keener’s, fueling speculation. All eyes now turn to June 13, anticipated by experts as a potential milestone date.
Speculation Grows Over June 13 Settlement
Market chatter suggests the XRP lawsuit could conclude on June 13, 2025—three days before the SEC’s 60-day deadline expires. Crypto analyst ‘The Real Remi Relief’ claims the SEC and Judge Torres have reached an agreement, with an announcement expected on June 13.
Amid this buzz, XRP’s ETF approval odds hit 93%, and its price surged 2.5% to $2.25. Optimists predict new highs post-settlement. However, skepticism prevails. Without official confirmation from Ripple, the SEC, or Judge Torres, many dismiss June 13 as mere rumor. Still, the appointment of Paul Atkins to the SEC raises hopes for an imminent resolution.
FAQs
1. Is the XRP lawsuit still ongoing?
Yes, despite the 2023 ruling that XRP isn’t a security on public exchanges, penalty terms and appeals keep the case active.
2. Will the case settle on June 13?
Unconfirmed. No official sources have verified this date, though experts speculate a settlement is nearing.
3. How would a settlement affect XRP’s ETF chances?
A resolution could boost ETF approval likelihood, already at 93%, by removing regulatory uncertainty.
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