All eyes resurface in the long-term Ripple v. U.S. Securities and Exchange Commission (SEC) case, marking the expiration of the SEC’s 60-day window on June 16th to renew the US Court of Appeals regarding the circumstances of the case.
The deadline was set in April, when the Second Circuit Court of Appeals agreed to a suspension following a joint request from Ripple and the SEC, provided that the SEC file a status report by June 15th.
Ripple’s attorney Bill Morgan said “something has to happen” by June 16, suggesting that key procedural updates and the continued appeal process are equally possible.
The countdown is 12 days until the date the SEC must report to the Court of Appeal. There are appeals and cross-appeals that need something to happen before then, and the briefing comes from ripples. pic.twitter.com/p comxivvjxgg
– Bill Morgan (@belisarius2020) June 4, 2025
XRPv. Will the SEC coat case finally be over?
The legal community is more divided on whether or not a settlement is really coming. For example, a recent court filing from Justin Keener, who is not a party to the dispute, is muddy water, as this is not the first time Keener has had a say in the case.
Netherlands & Knight’s Attorney Andrew Balthazar is also skeptical, noting that both parties have at least enough time to file something. We haven’t seen anything yet, so Balthazor argues that the problems at hand are not simple at all.
In contrast, Waymaker LLP’s Keri Axel sees slow momentum as a short-term hurdle and is optimistic that Ripple and the SEC will find a common ground.
Whatever the end result, cases that are very important to the crypto community are extremely important, as they help explain how not only XRP but digital assets are generally handled under the US securities laws.
Featured Images via ShutterStock
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