XRP Lawsuit: Here’s How The SEC vs Ripple Settlement Process is Going
2025-07-09 20:13:05
Main Idea
The SEC and Ripple have reached a settlement in their legal battle, with Ripple signing the agreement on April 23, 2025, and the SEC following on May 8, 2025, leading to a 60-day abeyance and subsequent legal motions.
Key Points
1. A settlement agreement was signed by Ripple on April 23, 2025, and by the SEC on May 8, 2025.
2. Both parties filed a 60-day abeyance from April 16, 2025, to June 16, 2025.
3. The SEC and Ripple filed a Rule 62.1 motion on May 8, 2025, requesting an indicative ruling, which was denied by Judge Analisa Torres.
4. On June 12, 2025, both parties filed a second joint motion addressing rule 60, which was approved.
5. Ripple's CLO, Stuart Alderoty, stated that the court granted Ripple two options: press forward with the appeal or take another course of action, while XRP's legal status as not a security remains unchanged.
Description
The SEC vs. Ripple case has taken numerous twists and turns this year, and observers are even more uncertain about when it may be fully resolved. Bill Morgan, an attorney known for clarifying legal issues for market players on the case while also expressing his pro-Ripple sentiments, took to X to share a timeline breakdown
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