The legal battle between the SEC and Ripple, ongoing since December 2020, may extend for several years if the court does not make a determination soon.
Overview of the Case
The SEC vs Ripple case involves allegations of violating securities laws. Last year, Judge Analisa Torres ruled that XRP sales to certain institutional investors yes violated securities laws, but public sales did not. This ruling was seen as a partial win for both parties.
Status of the Appeal Process
Ripple and the SEC are working toward a settlement to avoid further appeals. Earlier this year, the parties agreed on a $50 million penalty. They have also jointly requested to pause the appeals process to allow Judge Torres to issue an 'indicative ruling,' necessary for sending the case back to the trial court.
Expert Opinions and Next Steps
Pro-XRP lawyer Bill Morgan indicated that it is unlikely for the case to extend into 2026 unless the judge rules against the latest joint motion. He expressed hope that both sides will accept the current outcome and proceed to a resolution. 'Common sense decision' is to agree on the current ruling, penalty, and move forward.
All eyes are now on Judge Torres. If she approves the latest motion soon, the case could be resolved by the end of 2025. However, if the process unravels, the legal battle could stretch into a new election cycle.
