Ripple Lawsuit Stalemate: Delays Looming as SEC’s Appeal Dropped

After Judge Analisa Torres rejected both Ripple and the SEC’s request for an indicative ruling in their lengthy legal battle, silence has fallen over the case. The court deemed their previous motion improper, leaving both sides to refile under the correct procedure. However, 20 days have passed with no new filing from either party. This lack of action is creating a sense of urgency as a June 16th deadline looms for submitting a status update to the U.S. Court of Appeals for the Second Circuit.