A recent post on X by JacktheRippler asserts that “Judge Torres is ready to close Ripple (XRP) vs SEC case.” While still technically a rumor without direct confirmation from court filings, the claim aligns closely with the real, rapidly evolving procedural status surrounding the high-profile SEC lawsuit against Ripple Labs. Timeline of the June 12 Motion On June 12, Ripple and the SEC jointly filed a renewed motion under Federal Rule of Civil Procedure 60, requesting Judge Analisa Torres amend her final judgment. The request aims to reduce Ripple’s $125 million penalty to $50 million, distribute that amount to the SEC, and return $75 million to Ripple. It also seeks to dissolve the injunction blocking Ripple’s institutional XRP sales, citing “exceptional circumstances” including regulatory shifts and a mutual desire to avoid prolonged litigation. This filing follows the May 15 rejection of a similar request, denied due to procedural deficiencies and insufficient justification, making this new motion stronger and more meticulously presented. Appeals Held in Abeyance, Ruling Expected Soon Simultaneously, the parties filed a status report with the Second Circuit on June 16, asking the appeals and cross-appeals to remain in abeyance while the district court considers the motion. The SEC is expected to submit another update by August 15 if the motion remains pending. Technically, no fixed deadline mandates Judge Torres to rule by that date or any other specific day. However, legal experts, including Bill Morgan and Fred Rispoli, predict a decision “this week or next,” with Morgan stating, “I just have a feeling she’s going to grant the motion anyway”. Opinions in the Legal Community Bill Morgan, a pro‑XRP attorney, remains optimistic, emphasizing the motion’s procedural corrections and strong content. He believes its improved structure might persuade Judge Torres this time. Morgan also noted that dismissing appeals and closing the case would reduce judicial burden, making approval pragmatic. Fred Rispoli, though cautious, echoed expectations of imminent rulings. On June 17 he wrote, “Not guaranteed, but highly likely Torres makes a ruling this week or next”. A former SEC lawyer, Marc Fagel, countered any assumption of an August deadline : the case is not stalled until then, and Judge Torres remains well within her discretion to rule at any time. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What a Ruling Means—and Next Steps If Judge Torres approves the motion, appeals would be formally dismissed, the injunction lifted, and the penalty restructured. A limited remand to the Second Circuit would then follow to finalize and dismiss the case fully. Should the motion be denied again, the injunction would stand, appeals would proceed, and settlement hopes would dim, delaying resolution into the late summer or beyond. Market Implications and Community Sentiment XRP markets have already responded. June 15 saw short-term price upticks as optimism built around Judge Torres acting swiftly; however, any rejection could trigger renewed volatility. While JackTheRippler’s claim remains unverified, it echoes widespread belief in a decision “imminently”, bolstered by expert commentary forecasting a ruling “this week or next.” Legal observers caution, though, that until the district court’s written opinion is issued, nothing is finalized. Even so, the timeline is unmistakably tight. 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 Rumor: Judge Torres Is Ready to Close Ripple (XRP) vs SEC Case appeared first on Times Tabloid .
