However, no final settlement has been reached yet. 🤷♂️
🗣️ Social Media Buzz: “Where’s Judge Torres?”
With the deadline looming, social media is flooded with questions from XRP holders:
“Any update on the Ripple vs. SEC case? When will Judge Torres rule on the appeal withdrawal?”
Former SEC attorney Marc Fagel stepped in to clarify:
“There is nothing pending before Judge Torres for her to rule on. She already ruled that Ripple violated the law, issued an injunction, and imposed a $125 million fine. The ball is not in her court anymore.”
📅 What Happened on May 15?
This surge in speculation comes after Judge Analisa Torres denied the joint motion for an “indicative ruling” on May 15 — a procedural step Ripple and the SEC hoped would help speed up settlement approval. Judge Torres called it “procedurally improper.” ❌
👀 Eyes on June 16: What’s Next?
All attention now shifts to the June 16 status update from the SEC. The report is expected to reveal:
Are settlement talks making progress? 📝
Or is this case headed back into extended litigation? ⚔️
⚔️
💡 Final Thoughts
The Ripple vs. SEC case, now over four years old, continues to cast a shadow over XRP’s price and market confidence. The upcoming update could be a make-or-break moment for Ripple, XRP, and the wider crypto landscape. 🌐📉📈
Stay tuned. This saga is far from over. 🔍