SEC and Ripple?
The deadline of June 16 is not just a legal formality. It is the culmination of a pause in the judicial process granted by the Second Circuit Court of Appeals following a joint request between Ripple and the SEC. According to the terms of the agreement, the SEC was to submit a status report before June 15, which could pave the way for an early resolution or, conversely, prolong the dispute with new rounds of arguments.
If the SEC fails to submit this update, the appeals and counter-appeals processes will automatically resume, forcing Ripple to submit new reports and legal arguments. This would mean more months — and even years — of legal uncertainty for XRP and its investors.
