The SEC is holding a critical crypto roundtable TODAY (June 9) and Ripple’s legal battle might be on the table. Commissioner Crenshaw has already dissed the proposed settlement, calling it a threat to investor protection.
Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is entering a decisive phase, with two key dates in June that could significantly impact the future of XRP.
SEC Roundtable Discussion – June 9
The SEC is holding a high-level crypto regulation roundtable today, where Ripple’s case could be addressed. The discussion includes SEC Chair Paul Atkins and Commissioners Caroline Crenshaw, Mark Uyeda, and Hester Peirce.
Commissioner Crenshaw recently voiced strong dissent over the SEC’s proposed settlement with Ripple, arguing that it weakens investor protection and undermines court authority.
Court Mandate – June 16
Judge Analisa Torres rejected Ripple’s “indicative ruling” request, citing procedural shortcomings. As a result, both Ripple and the SEC must submit a joint status update to the U.S. Court of Appeals by June 16, 2025. This update will clarify whether the case is moving toward resolution—or heading back into prolonged appeals.
Market Reaction
Anticipation of a favorable settlement and hopes for an XRP spot ETF have pushed XRP to a recent high of $2.26. While investor sentiment remains optimistic, the outcome of these legal steps will likely shape XRP’s near-term trend.
June 9 – SEC holds a crypto regulation roundtable; Ripple’s case might be discussed.
June 16 – Deadline for Ripple and the SEC to file a joint status report with the U.S. Court of Appeals.
Why It Matters
A favorable SEC decision or settlement could:
Strengthen market confidence in XRP
Open doors for institutional adoption
Accelerate approval of a U.S.-based XRP spot ETF
On the other hand, legal delays or renewed regulatory resistance may fuel uncertainty and volatility in the altcoin market.