The prolonged XRP lawsuit is nearing its final stage, with many speculating about a potential imminent resolution. Amid ongoing speculation, XRP lawyer Bill Morgan has offered his insight, predicting a settlement could be reached within weeks and sparking renewed interest in the case’s outcome. Is a conclusion finally in sight for the Ripple vs SEC case?
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Weeks Away from Resolution? Lawyer’s Forecast for XRP Lawsuit
In his latest X post, XRP attorney Bill Margan has shared insights into the ongoing Ripple vs SEC lawsuit. According to Morgan, the XRP lawsuit is progressing in several key steps. With both parties now awaiting a crucial ruling from the district court, the lawyer views this development as a positive signal. He posited that a conclusion is imminent within weeks if “the SEC and Ripple obtain the indicative ruling.”
Notably, Morgan’s prediction comes on the heels of Ripple’s latest submission of a supplemental letter in support of its joint motion with the SEC. This move reinforces the firm’s commitment to the joint motion, which seeks an indicative ruling – a step that both parties pursued last week after Judge Torres’ initial denial.
There’s a rising sense of optimism about the judge’s potential approval of the motion. Recently, attorney John Deaton assessed the odds of Judge Analisa Torres approving the joint motion at 70%. He stated, “The fact that both parties are in agreement on this motion is significant. It shows they are serious about resolving this case and moving forward.”
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Lawyer Reveals the Path Forward in Ripple Lawsuit
In addition, Morgan shed light on the prior steps taken and the forthcoming developments in the XRP lawsuit. After years of legal battle, both parties signed a settlement agreement, with Ripple signing on April 23, 2025, and the SEC on May 8, 2025. They also filed a motion to hold the appeal and cross-appeal in abeyance, which was granted for 60 days from April 16, 2025, to June 16, 2025.
The lawyer further outlines that Ripple and the commission filed a Rule 62.1 motion seeking an indicative ruling on May 8, 2025, as abovementioned. After Judge Torres denied it, they filed a second joint motion on June 12, 2025. And recently, on June 16, they submitted the status report, seeking to hold the appeal and cross-appeal in abeyance.
As per Morgan’s breakdown, the next steps involved will be dependent on the indicative ruling. If obtained, the parties will file a motion for a limited remand to seek agreed-upon relief. Following this, they will file a motion with Judge Torres seeking the relief agreed upon between the parties.
Ultimately, after resolving the injunction and paying a reduced fine of $50 million, the parties will file a motion to dismiss the appeal and cross-appeal with the Second Circuit Court.
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XRP Lawsuit Nears End; Lawyer Predicts Settlement Within Weeks
The prolonged XRP lawsuit is nearing its final stage, with many speculating about a potential imminent resolution. Amid ongoing speculation, XRP lawyer Bill Morgan has offered his insight, predicting a settlement could be reached within weeks and sparking renewed interest in the case’s outcome. Is a conclusion finally in sight for the Ripple vs SEC case?
Advertisement
Advertisement
Weeks Away from Resolution? Lawyer’s Forecast for XRP Lawsuit
In his latest X post, XRP attorney Bill Margan has shared insights into the ongoing Ripple vs SEC lawsuit. According to Morgan, the XRP lawsuit is progressing in several key steps. With both parties now awaiting a crucial ruling from the district court, the lawyer views this development as a positive signal. He posited that a conclusion is imminent within weeks if “the SEC and Ripple obtain the indicative ruling.”
Notably, Morgan’s prediction comes on the heels of Ripple’s latest submission of a supplemental letter in support of its joint motion with the SEC. This move reinforces the firm’s commitment to the joint motion, which seeks an indicative ruling – a step that both parties pursued last week after Judge Torres’ initial denial.
There’s a rising sense of optimism about the judge’s potential approval of the motion. Recently, attorney John Deaton assessed the odds of Judge Analisa Torres approving the joint motion at 70%. He stated, “The fact that both parties are in agreement on this motion is significant. It shows they are serious about resolving this case and moving forward.”
Advertisement
Advertisement
Lawyer Reveals the Path Forward in Ripple Lawsuit
In addition, Morgan shed light on the prior steps taken and the forthcoming developments in the XRP lawsuit. After years of legal battle, both parties signed a settlement agreement, with Ripple signing on April 23, 2025, and the SEC on May 8, 2025. They also filed a motion to hold the appeal and cross-appeal in abeyance, which was granted for 60 days from April 16, 2025, to June 16, 2025.
The lawyer further outlines that Ripple and the commission filed a Rule 62.1 motion seeking an indicative ruling on May 8, 2025, as abovementioned. After Judge Torres denied it, they filed a second joint motion on June 12, 2025. And recently, on June 16, they submitted the status report, seeking to hold the appeal and cross-appeal in abeyance.
As per Morgan’s breakdown, the next steps involved will be dependent on the indicative ruling. If obtained, the parties will file a motion for a limited remand to seek agreed-upon relief. Following this, they will file a motion with Judge Torres seeking the relief agreed upon between the parties.
Ultimately, after resolving the injunction and paying a reduced fine of $50 million, the parties will file a motion to dismiss the appeal and cross-appeal with the Second Circuit Court.
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