Will we change everything on June 16th?

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The watch is carved into the ongoing legal battle between Ripple and Sec. Only a few days until June 16, when the SEC must respond to the Court of Appeal, all tables are about what will happen next.

Bill Morgan shared in a recent X post that if nothing happens by then the appeal and Ripple cross-appeals will move forward, with Ripple having to file the next legal briefing. However, if a new motion is pending before Judge Torres, the proceedings can be pushed out by another 60 days.

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

June 16th – Not the payment date!

Social media rumors are that the Ripple vs. SEC lawsuit ends on June 16th, but that’s not true. Fred Rispoli made it clear that June 16 is actually the deadline for parties to provide status updates to the US Court of Appeals and not the day the case is decided.

This comes after Judge Annalisa Torres refused to attempt a settlement between Ripple and the SEC. Attorney Fred Rispoli noted that it had been 20 days since Judge Torres refused, and neither side had been modified. With the June 16th status update deadline approaching, Fred expects a new move to be submitted soon.

He says that if both Ripple and the SEC require approval, it will need to be corrected. Ripple is probably ready to follow, but the big problem is:

Will the Legal Battle be dragged over for another two months?

Ripple vs. Sec could be dragged in another two months, says Bill Morgan. Some argue that a $50 million fine and an injunctive lift have been agreed to, but has not yet been resubmitted. However, so far, there is no official evidence of the settlement, and all these rumors remain untested.

XRP prices drop in legal drama

The June 16th update could raise XRP prices. If legal applications arise as expected in both the district and appellate courts, it will help you revert the XRP price to around $2.50. XRP is currently trading at $2.25, down 2.2% over the past 24 hours.

Because favorable rulings of the terms of settlement are important for XRP to recover, Ripple could lead its cross appeal and SEC to withdraw its appeal over the sale of the program. Soon, XRP prices may depend on updates from the courts and news about spot ETFs.