XRP's Fate Hinges on New Ripple-SEC Motion

Ripple and the U.S. Judge Analisa Torres has been asked by the Securities and Exchange Commission (SEC) to overturn or alter the securities ruling against Ripple, as part of a new joint motion that will be brought before Congress on June 16, 2025. This is another attempt by both sides to settle a long-running legal dispute over whether XRP is deemed 'a security' and whether Ripple can sell the token, particularly to institutional investors. ".

The motion, filed under Federal Rule of Civil Procedure 60 for "exceptional circumstances," seeks the judge's decision to lift the injunction that prevents Ripple from selling XRP to institutional buyers and reduce the civil penalty from $125 million to $50 million. According to Ripple and the SEC, these changes are necessary to reach a settlement, avoid lengthy cross-appeal proceedings, and address the agency's evolving position on crypto regulation. The decision comes after Judge Torres's earlier ruling in July 2023 that XRP programmatic sales were not securities, and she later denied a joint request to modify the judgment.

A decision on this motion could lead to important market and legal implications. A final settlement could result in XRP's market value being restored, potentially leading to its approval as a U.S. spot ETF. Should the case be denied, appeals may follow, which could lead to further uncertainty and potentially stricter regulations on Ripple's institutional sales. The success of the motion is still uncertain, as legal experts note that it closely resembles the request previously rejected, making the June 16 deadline for updating the Court of Appeals an important consideration for deliberating on the case's next steps.