XRP Lawsuit: Is the End Really Near? Judge Torres, SEC, and What's Next

The XRP lawsuit saga continues with twists and turns. Is the SEC about to drop its appeal? Judge Torres' role, and the implications for XRP.

XRP Lawsuit: Is the End Really Near? Judge Torres, SEC, and What's Next

The XRP lawsuit saga has been a rollercoaster, hasn't it? With Ripple dropping its cross-appeal and the SEC potentially doing the same, is the finish line finally in sight? Let's dive into the latest developments surrounding the XRP lawsuit involving Judge Torres and the SEC.

Judge Torres' Role: Past and Present

Judge Analisa Torres has been a central figure in the Ripple vs. SEC case. While some wondered why she didn't drop the case altogether, former SEC lawyer Marc Fagel shed light on her decision-making. According to Fagel, Judge Torres likely didn't dismiss the case because she found that Ripple had raised significant funds through unregistered securities sales. Basically, she felt there was enough evidence to warrant action.

Now, Judge Torres has no further role. Her judgment will become final once the SEC votes to approve dismissing its appeal and files with the court of appeals.

SEC's Next Move: The July 3rd Meeting

All eyes are on the SEC's closed-door meeting scheduled for July 3, 2025. Speculation is rife that the commission might use this opportunity to vote on withdrawing its appeal. The meeting's agenda includes the “resolution of litigation claims,” which has fueled rumors within the crypto community. Will they finally drop the appeal and bring this saga to a close?

XRP's Future: Injunctions and Sales

Even with potential settlement, Ripple still needs to be mindful of the injunction. Judge Torres identified the institutional sales of XRP as a securities offering. As this ruling remains unchanged, Ripple must either cease the institutional sales or comply with the securities laws.

Contrarian Views and Lingering Questions

Not everyone is popping champagne yet. Marc Fagel has pointed out that the lawsuit isn't truly over until the SEC officially drops its appeal. He even suggested that the SEC's previous vote to authorize a settlement might not automatically include dropping the case. It's a bit of a legal maze, isn't it?

Market Reaction and Bullish Outlook

Despite the legal back-and-forth, some analysts remain optimistic about XRP's future. CasiTrades, a crypto analyst, believes that the broader bullish structure for XRP remains intact. Even after an unfavorable ruling, she urged investors not to panic, expressing confidence in XRP's ability to maintain its upward trajectory. According to CasiTrades, XRP's price action is moving within a predictable corrective pattern. The recent decline from the legal blow is being interpreted by the analyst as part of a classic ABC correction, with the market now likely in the final leg—Wave C.

Settlement: Admission of Fault?

Some critics argue that settling with the SEC is an admission of fault by Ripple. However, XRP lawyer Bill Morgan dismissed these arguments, stating that settlement is not an admission of liability. He emphasized that Ripple has never admitted that its sales to institutions were investment contracts.

The Bottom Line

The XRP lawsuit is a saga that keeps on giving. While Ripple CEO Brad Garlinghouse is eager to close this chapter, the SEC's next move remains uncertain. Whether the SEC drops its appeal in July 2025 or not, the outcome will have significant implications for Ripple, XRP, and the broader crypto market.

So, buckle up, folks! It looks like we might finally be nearing the end of this wild ride. Whether it's a triumphant victory or a bittersweet resolution, one thing's for sure: the crypto world will be watching closely. And who knows, maybe we'll all be sipping margaritas on the beach, celebrating the end of the XRP lawsuit...eventually!