XRP Holders Eye June 15 Update in Ripple vs SEC Case

XRP holders are closely monitoring developments in the ongoing Ripple vs. SEC lawsuit as a pivotal June 15 deadline rapidly approaches. The long-running legal dispute between Ripple and the U.S. Securities and Exchange Commission has entered a crucial phase, and the crypto community is anxiously waiting to see what comes next.

The Ripple vs. SEC case has lingered in court for more than four years, creating uncertainty around XRP and its regulatory status. However, a recent agreement between both parties temporarily paused the proceedings, offering a glimmer of hope for resolution. The temporary stay granted by the Second Circuit is set to expire on June 15, 2025, making that date a potential turning point for Ripple and its supporters.

Back on April 10, 2025, Ripple and the SEC jointly filed a request asking the court to pause the appeal process for 60 days. This pause was sought to give both sides more time to finalize a settlement they had verbally agreed upon. The tentative settlement terms included Ripple agreeing to pay a $50 million penalty—down significantly from the original $125 million—and the removal of an injunction that limited Ripple’s institutional sales of XRP.

After these terms were established, both Ripple and the SEC filed for a 60-day stay, which was granted on April 16. The court instructed the SEC to submit an official status update by June 15 (commonly referred to as June 16 due to standard rounding), making it a key milestone in the timeline of this prolonged legal saga.

The SEC’s upcoming status update is critical, as it will outline where settlement talks currently stand and whether more time is needed. With the pause near its end, the entire XRP ecosystem is keenly awaiting this update, hoping for a sign that the case is finally nearing resolution.

A significant twist occurred weeks after the initial agreement when Judge Analisa Torres rejected a motion from both parties seeking what is called an indicative ruling—a judicial indication that the settlement terms were acceptable, pending formal procedures. This rejection complicated efforts to wrap up the matter quickly and has left some questions unanswered in the short term.

Despite this hurdle, neither Ripple nor the SEC has submitted a revised motion for an indicative ruling. Still, the impending June 15 deadline adds pressure to the situation. Many in the XRP community anticipate that the SEC’s update will emphasize continued progress toward a finalized agreement.

Given the years spent in litigation, both Ripple and the SEC appear motivated to bring the case to a conclusion. The status report is expected to shed light on whether both parties remain aligned in this goal. If the report confirms ongoing negotiations or proposes extended timelines, it could signal that a final resolution is indeed within reach.

For XRP holders, especially those who’ve endured years of legal limbo, the next steps in this case could have far-reaching implications. Regulatory clarity, especially in the U.S., remains vital for Ripple’s business operations and for securing XRP’s place within the broader cryptocurrency market.

Related: Expert Advice: Sell XRP If You’re Confused

As the critical June 15 deadline approaches, all eyes remain on the SEC’s next move. Whether that means a firm resolution or further delays remains to be seen. One thing is clear: the XRP community is watching every development closely and is hopeful that closure to this lengthy legal conflict is finally on the horizon.