On June 16, 2025, U.S. District Judge Analisa Torres did not issue a final ruling in the SEC vs. Ripple case. What happened is:
Judge Torres recently denied a joint request from Ripple and the SEC to modify the ruling, which aimed to reduce the fine from $125 million to $50 million and lift the sales ban on XRP for institutional investors—arguing that there was a "lack of procedure".
Both parties submitted a new request on June 12 to address previous comments, hoping it would push towards a final settlement that would resolve the appeals.
Under deadlines, the SEC was scheduled to submit a strategic report to the Second Circuit Court by June 16, outlining whether a settlement had been reached or if the court should be appealed; both parties decided to suspend the appeal until August 15, 2025, to allow the judge to issue her decision.
The final outcome on June 16:
There is no final ruling yet.
The case is still pending, and the appeal is frozen until mid-August.
The District Court is still considering the new request, with no decision issued by that date.
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📌 Summary: No decisive change on June 16—final ruling still pending, the judge is reviewing the request aimed at a settlement, while the suspension on the appeal has been extended to August 15, 2025.
