As the Ripple vs SEC lawsuit nears its conclusion, the crypto community anticipates Judge Analisa Torres' final ruling on the remedies phase. Legal experts recently shared insights on potential settlements and the likelihood of a July decision, coinciding with the anniversary of the landmark summary judgment.
Key Developments in the Ripple vs SEC Case
Settlement Prospects and SEC Closed-Door Meeting
The SEC has scheduled a closed-door meeting for July 18, fueling speculation about potential injunctions or settlements in the XRP lawsuit. However, pro-XRP lawyer Bill Morgan dismissed settlement rumors, citing Ripple's previous legal victories, including the pivotal ruling that programmatic XRP sales do not constitute securities offerings.
The Torres Doctrine, which affirms the non-security status of secondary crypto sales, remains influential. This precedent was recently reinforced when Judge Jackson dismissed similar claims against Binance regarding BNB secondary sales.
Timeline for Judge Torres' Ruling
Attorney Fred Rispoli estimates a 5% chance of Judge Torres deliberately issuing her ruling on the summary judgment anniversary. He noted her typical filing patterns ("late morning/early afternoon EST") while maintaining expectations for a July decision.
Ripple Leadership Reflects on Legal Milestones
Ripple executives marked the summary judgment anniversary with pointed commentary:
- CEO Brad Garlinghouse:
"A watershed moment for Ripple and crypto regulation, exposing the SEC's overreach and lack of transparency." - CLO Stuart Alderoty:
Highlighted the ruling's enduring legal impact while criticizing SEC Chair Gary Gensler's approach: "The SEC's litigation tactics have an expiring runway."
XRP Market Performance
XRP price surged 26% weekly, peaking at $0.56 before stabilizing at $0.53. Notable market activity:
- Futures open interest rose 19% to 1.18B XRP
- Trading volume dropped 45% post-rally (profit-taking)
- Analysts project long-term targets near $5
FAQ: Ripple vs SEC Lawsuit
Q: What was the significance of Judge Torres' 2023 summary judgment?
A: It declared XRP's non-security status for programmatic sales, establishing a critical legal precedent.
Q: Why are settlement chances considered low?
A: Ripple's procedural victories and the SEC's appeal likelihood reduce incentives for compromise.
Q: How does the Torres Doctrine affect other crypto cases?
A: It influenced the dismissal of similar SEC claims against Binance, strengthening defenses industry-wide.
Q: What factors could accelerate a final ruling?
A: Judge Torres' typical decision timeline and the remedies phase's procedural completeness suggest July movement.
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