XRP News Today: Ripple Traders Brace for Torres Decision and SEC Shift; BTC at $104k

By:

Bob Mason

Published: Jun 20, 2025,

Key Points:

Ripple and the SEC filed a renewed motion on June 12, seeking to lift the XRP sales ban and reduce the $125M fine.

A favorable ruling by Judge Torres could prompt both parties to withdraw their appeals and boost XRP-spot ETF hopes.

Bill Morgan warns a quick ruling could signal another rejection, citing the previous seven-day turnaround.

XRP on the Brink? Judge Torres’ Decision Could Redraw Crypto Landscape

It was a tense June 19 session as the XRP community and broader crypto market awaited a crucial ruling in the SEC vs. Ripple case. Ripple and the SEC filed a renewed joint motion on June 12 seeking an indicative ruling on settlement terms. Significantly, the parties are asking Judge Torres to reverse her ruling prohibiting XRP sales to institutional investors while requesting a reduced penalty.

Judge Torres rejected the first joint motion within seven days of the filing, citing procedural errors and inadequate arguments that a settlement services the public and institutional investors. The court’s silence on the renewed filing may raise hopes for a favorable indicative ruling.

Judge Torres Ruling Key to the SEC Appeal and XRP-Spot ETF Approvals

Judge Torres’ indicative ruling is pivotal in the Ripple case. If Judge Torres grants a favorable indicative ruling, Ripple and the SEC will drop their appeals.