The lawsuit between Ripple Labs and the SEC has reached an important milestone, but its actual closure will require additional procedural steps.
Awaiting Judge Torres' Ruling
The joint motion filed on June 12, 2025, seeks to reduce Ripple's penalty from $125 million to $50 million. It is expected that Judge Torres may issue her ruling soon, but even if it is favorable, the case will need to go through several more procedural checkpoints.
The Journey to this Point
The agreement between Ripple and the SEC was reached on April 23 and May 8 respectively. Initially, the court rejected the motion due to a procedural error, after which a corrected motion was submitted on June 12 that appropriately addressed the relevant rules.
Next Steps in the Ripple Case
Once Judge Torres proceeds with her ruling, the parties will file a motion with the Court of Appeals for a limited remand. This allows further action on the case despite the ongoing appeal. After the remand is granted, Ripple and the SEC will return to Judge Torres for a formal request.
While the Ripple vs. SEC case may seem close to completion, it requires many legal steps to be fully resolved. A decision from Judge Torres is expected soon, but complete closure will take longer.
