All eyes are on the long-running Ripple v. The U.S. Securities and Exchange Commission (SEC) case again, with June 16 marking the expiration of the SEC’s 60-day window to update the U.S. Court of Appeals on the status of the case.
The deadline was set in April, when the Second Circuit Court of Appeals agreed to a pause following a joint request from Ripple and the SEC, on the condition that the SEC file a status report by June 15.
Bill Morgan, Ripple’s attorney, noted that “something has to happen” by June 16, suggesting major procedural updates and the continuation of the appeals process are equally possible.
The count down to the date the SEC must report to the Appeal Court is now 12 days. Something has to happen by then or the Appeal and Cross-appeal continues and a briefing is due from Ripple. pic.twitter.com/pxImvvJxGG
— bill morgan (@Belisarius2020) June 4, 2025
Is the XRP v. SEC court case finally ending?
The legal community is more divided on whether a settlement is truly coming. For example, a recent court filing from Justin Keener, who is not a party in the dispute, is muddying the waters, as it is not the first time Keener has tried to have a say in the case.
Attorney Andrew Balthazor of Holland & Knight is also skeptical, noting that both parties had plenty of time to file at least something. Since we still haven’t seen anything, Balthazor argues, the matter at hand is not at all simple.
In contrast, Keri Axel of Waymaker LLP sees the slow momentum as a short-term hurdle and remains optimistic that Ripple and SEC are going to find some common ground.
Whatever the end result might be, the case remains of great importance for the crypto community as it serves to illustrate how not only XRP but digital assets in general will be treated under U.S. securities law.
Featured image via Shutterstock
