The high-stakes legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has now entered its settlement phase. Legal expert Bill Morgan has mapped out the process with clarity, outlining the steps that have already been completed, those that are in motion, and what remains before the final resolution. Settlement Signed and Legal Pause Granted The breakthrough came when both parties finalized and signed a settlement agreement—Ripple on April 23, 2025, and the SEC on May 8. Just before the SEC’s signature, both sides jointly asked the U.S. Court of Appeals to pause the ongoing appeal and cross-appeal . That request was granted, putting the proceedings on hold for 60 days—from April 16 to June 16—while the parties pursued relief from the district court. SEC v Ripple: How the settlement process is going 1. Settlement agreement signed by Ripple parties on April 23, 2025 and by the SEC on May 8, 2025 . 2. Parties filed a motion to hold the appeal and cross appeal in abeyance and obtained 60 days abeyance from April 16, 2025 to… — bill morgan (@Belisarius2020) June 18, 2025 First Procedural Misstep On May 8, both parties filed a motion under Rule 62.1 with Judge Analisa Torres , requesting an indicative ruling. This is a required step when a case is on appeal, and the parties want the district court to signal its willingness to revisit the judgment. However, Judge Torres denied the motion , not because of the content, but due to a procedural oversight: the motion failed to cite Rule 60(b), the correct legal basis for seeking relief from a final judgment. As Bill Morgan explained, “The motion wasn’t rejected on substance. It failed because it didn’t refer to Rule 60. That’s now been fixed.” Second Motion Filed Correctly On June 12, Ripple and the SEC filed a revised joint motion , this time correctly invoking Rule 60(b). The new motion again sought an indicative ruling, this time properly framed to allow the court to consider modifying the judgment if the appellate court remands the case. On June 16, the SEC updated the Court of Appeals on the revised filing and requested that the current abeyance period continue while Judge Torres considers the new motion. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Awaiting Judge Torres’ Ruling At present, the parties await Judge Torres’ decision on the second joint motion. If she grants the indicative ruling, it would allow the parties to request a limited remand from the Court of Appeals so they can return to her court to implement the settlement. Morgan noted, “There’s no disagreement between the parties now. The remaining steps hinge entirely on procedural clearance from the courts.” Limited Remand and District Court Relief Should the Court of Appeals approve the remand request, the parties will reappear before Judge Torres to formally seek the agreed relief. This would involve dissolving the injunction that has long restricted Ripple’s operations and initiating the payment of the negotiated $50 million penalty. Final Closure: Dismissal of Appeals With the relief granted and settlement executed, Ripple and the SEC would then file a final joint motion with the Second Circuit to dismiss both the appeal and cross-appeal. That motion would officially close one of the most significant enforcement cases in crypto history. Thanks to Bill Morgan’s detailed breakdown, the XRP community has a precise view of the path forward. The next move belongs to Judge Torres, but with all key filings completed, the finish line is finally in sight. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC: Legal Expert Bill Morgan Summarizes the Whole Settlement Process appeared first on Times Tabloid .
