Legal Battle Between SEC and Ripple Faces Potential Delay

The ongoing legal dispute between the US Securities and Exchange Commission (SEC) and Ripple Labs may encounter a further delay. Both parties have not refiled their motion correctly, leading to concerns as the June 16 deadline approaches. Previously, the SEC and Ripple sought approval from Judge Torres for a settlement reducing the penalty to $50 million and lifting the injunction on Ripple. However, Judge Torres rejected the request on May 15 due to procedural errors. As of June 5, 2025, no refiling has occurred, raising uncertainties about the case's progression. Attorney Fred Rispoli highlighted the lack of action and emphasized the importance of the upcoming June 16 deadline. Speculations about a potential settlement agreement have emerged, but no official confirmation has been provided. Meanwhile, XRP's price has experienced a decline amidst the uncertainty, currently standing at $2.19. Read more AI-generated news on: https://app.chaingpt.org/news