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Rumors on social media are circulating that the Ripple lawsuit against the SEC will conclude on June 16, but that is not true. Fred Rispoli clarified that June 16 is actually the deadline for the parties to update the situation for the U.S. Court of Appeals, not the date the lawsuit will be decided.

This follows after Judge Analisa Torres dismissed Ripple and the SEC's settlement efforts. Attorney Fred Rispoli noted that it has been 20 days since Judge Torres dismissed, and neither party has filed again. With the June 16 deadline for updating the situation approaching, Fred hopes a new motion will be filed soon.

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