Ah, the Ripple and SEC saga! A tale that has the crypto community biting their nails and pulling their hair out in equal measure. Frustrated XRP supporters, bless their hearts, are pointing fingers at the SEC, claiming it’s the villain in this courtroom drama. But lo and behold! A legal sage has emerged from the shadows to shed light on this tangled web of legalese.
Who Is Behind the Delay?
According to the esteemed attorney Bill Morgan, it appears that Ripple is the true puppeteer pulling the strings of delay. In a recent proclamation, he revealed that Ripple is desperately seeking to lift the injunction that restricts its ability to sell XRP. Surprisingly, the SEC is playing the role of the benevolent helper, bending over backwards to assist Ripple in this endeavor. Who would have thought?
Wrong. Ripple is the source of the delay. It wants the injunction dissolved. Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve…
— bill morgan (@Belisarius2020) June 18, 2025
While many had their popcorn ready for a quick settlement, it seems Ripple is more interested in lifting those pesky restrictions first. Priorities, right?
One inquisitive soul dared to ask Morgan if dissolving the injunction was essential for Ripple to move forward. Morgan, with a twinkle in his eye, replied, “Ripple needs it, not the XRP investors,” making it abundantly clear that this little maneuver primarily benefits Ripple’s ability to sell XRP to the big boys in the institutional playground.
Another burning question arose: Can the judge remove the injunction but still keep the fine? Morgan confirmed that the judge indeed wields that power. A true magician, if you will!
Judge’s Ruling To Arrive Sooner?
The community, in a state of collective frustration, is left wondering about the ongoing delays in this Ripple vs SEC spectacle. The next update is scheduled for August 15, 2025, but former SEC official Marc Fagel, with a smirk, reminded everyone that this date is merely a suggestion, not a deadline. The judge could very well decide on the pending motion at any moment—be it hours, days, or even weeks. Or perhaps months, but let’s not get carried away!
The SEC case is NOT delayed until August 15. The district court judge can rule on the motion pending before her in hours, days, or weeks (or months or years, for that matter, but it obviously won’t come to that).
— Marc Fagel (@Marc_Fagel) June 18, 2025
In a previous tweet, Fagel also reminded us that Judge Torres had already dealt Ripple a hefty blow last year, issuing a $125M fine and a permanent injunction. The case drags on only because both Ripple and the SEC decided to play the appeal game, seeking changes that are entirely their doing, not the judge’s. Oh, the irony!
According to Morgan, a decision could be just around the corner. Any further delays might trigger a new round of appeals, slowing down the already sluggish settlement talks. It’s like watching molasses flow in winter!
Both parties have signed the deal, hit the pause button on their appeals, and filed the necessary motions. Now, all eyes are on Judge Torres to deliver her verdict. Once she gives the green light, Ripple will cough up a $50M fine, the injunction will be lifted, and both appeals will vanish into thin air. Voilà!
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2025-06-20 06:58