XRP Holders Brace for Judgment Day as Ripple Lawsuit Nears Resolution

After four and a half years, the Ripple vs. SEC lawsuit is nearing its conclusion with many legal experts predicting June 16th will mark the crucial moment in the case’s history. While the path to resolution remains uncertain, recent filings by Ripple and the SEC offer renewed hope for XRP holders as they anticipate a decisive outcome. Recent motions seeking Judge Torres’s indicative ruling have been filed, aiming to reduce Ripple’s penalty and lift an injunction on institutional XRP sales. These motions face procedural hurdles but are expected to be resubmitted with updated arguments, presenting opportunities for a final settlement. The June 16th deadline set by the U.S. Court of Appeals for the Second Circuit for the SEC to provide its status report regarding a potential settlement will likely bring about a significant step forward in resolving this long-standing legal battle. If Judge Torres grants these motions, it would pave the way for a final resolution and potentially bring an end to years of uncertainty surrounding XRP.