No ruling from Judge Torres? Here’s what that actually means.
As June 16th approaches, the Ripple vs. SEC saga is once again heating up 🔥
This date marks a key deadline for the SEC to file its official status report — a move that could either pave the way for a final settlement or signal more legal back-and-forth.
To catch you up:
✅ Ripple & SEC agreed to a 60-day pause back in April to work toward settling
✅ Proposed deal: Ripple pays $50M (down from $125M) & both sides drop appeals
❌ But so far… no final agreement
Confused about why there’s no update from Judge Torres?
Former SEC attorney Marc Fagel breaks it down:
> “There’s nothing in front of her to rule on. She already issued her judgment — Ripple was found in violation, fined, and warned. Right now, it’s all about what the SEC and Ripple decide next.”
Remember the joint motion both parties filed in May to fast-track a ruling? Judge Torres rejected it as “procedurally improper.” That’s why it’s quiet from the bench.
👀 So now, all eyes are on June 16 — this update could shift everything:
📉 More courtroom drama?
🤝 Or a finalized deal and path forward?
Either way, XRP’s next chapter could make waves across the crypto market. Stay sharp. 💥
#XRP #CryptoNews #XRPCommunity
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