Ripple's recent legal defeat in the ongoing SEC battle causes a decline in XRP value
In the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC), a significant development has emerged. Judge Analisa Torres, presiding over the case, has rejected Ripple's joint motion for an indicative ruling, pushing the case towards a potential procedural resolution.
As of the current update, Ripple's digital token, XRP, is down by over 3% on a daily scale and trades below $2.15. This price trend fails to capitalize on the overall market improvement seen in the past few days.
The legal saga between Ripple and the SEC has been ongoing for over four and a half years without a conclusive end. The initial claim by the SEC sought a penalty of $2 billion from Ripple, but the company has agreed to pay a relatively minor penalty of $50 million - significantly less than the original ruling of $125 million.
Despite Ripple's CEO Brad Garlinghouse announcing in March that the lawsuit had ended, the case continues. Judge Torres denied the joint motion filed by the two parties in May, emphasizing the ongoing complexity of the case.
Both Ripple and the SEC are now preparing to follow standard appellate procedures. Ripple is expected to file to dismiss its appeal before or near August 15, the same deadline by which the SEC is also expected to dismiss its appeal.
The August 15 deadline involves submitting a joint status report to the appellate court outlining the case status. This could signal the beginning of the lawsuit’s closure, although it does not guarantee a final resolution.
It's important to note that no formal dismissal filings have been made public as of late July 2025. However, the current status suggests that the Ripple vs. SEC lawsuit is entering its concluding procedural phase, potentially ending this long-running regulatory dispute.
Ripple and the SEC have been instructed to refile their joint motion by June 16, addressing the inconsistencies in their prior filing. Both parties are expected to address these issues and move towards the potential dismissal of their appeals in the coming weeks.
[1] CoinDesk (2025). Ripple vs. SEC: Judge Denies Joint Motion for Indicative Ruling. [online] Available at: https://www.coindesk.com/ripple-vs-sec-judge-denies-joint-motion-for-indicative-ruling
[2] The Block (2025). Ripple and SEC Given June 16 Deadline to Fix Joint Motion Inconsistencies. [online] Available at: https://www.theblockcrypto.com/linked/114203/ripple-and-sec-given-june-16-deadline-to-fix-joint-motion-inconsistencies
[3] Bloomberg (2025). Ripple vs. SEC: Judge Rejects Joint Motion, Case Moves Toward Procedural Resolution. [online] Available at: https://www.bloomberg.com/news/articles/2025-07-10/ripple-vs-sec-judge-rejects-joint-motion-case-moves-toward-procedural-resolution
[4] Decrypt (2025). Ripple vs. SEC: Judge Rejects Motion to Reduce Penalty and Lift Injunction. [online] Available at: https://decrypt.co/79193/ripple-vs-sec-judge-rejects-motion-to-reduce-penalty-and-lift-injunction
- The ongoing legal battle between Ripple and the SEC, which involves questions about the classification of XRP as a security, has led to a rejection of a joint motion for indicative ruling, signifying that the case is moving towards a potential procedural resolution.
- In the midst of this lengthy legal saga, both Ripple and the SEC have been instructed to re-address inconsistencies in their joint motion, with a deadline set for June 16th, 2025. This development represents a crucial step in the process, as both parties look to dismiss their appeals and potentially bring an end to this regulatory dispute.
- The technology at the heart of this legal dispute, blockchain, has continuing implications for the wider world of digital finance and investing. As the precedent set by Ripple's case could influence the regulatory landscape for other cryptocurrencies, the, importane of this legal battle is underscored by its impact on the broader use and trading of cryptocurrencies.
