The long-running lawsuit between Ripple Labs and the SEC is nearing its end, thanks to a recent court development that gives Judge Analisa Torres 60 days to make a final ruling. Legal expert and XRP community figure Bill Morgan weighed in on the significance of the latest filing, clarifying what must happen next for the case to be resolved. Joint Filing Seeks Pause on Appeals In a motion filed jointly by Ripple and the SEC with the U.S. Court of Appeals for the Second Circuit, both parties requested that the pending appeal and cross-appeal be held in abeyance until August 15, 2025. This pause would allow sufficient time for Judge Torres to rule on the revised joint settlement motion submitted to her last week. Crypto influencer Parrot initially described the development as a major event, calling it a “BOMB” in a post that quickly circulated across the XRP community. “Ripple & SEC just dropped a BOMB! They’re asking the Second Circuit to keep the appeal on hold until Aug 15th, with the SEC filing a status report! Is this the calm before the MOON?” Parrot wrote. Bill Morgan Debunks the Hype Bill Morgan, however, offered a more grounded perspective. In a post responding to the hype, Morgan stated, “In no way is it a bomb.” According to him, the request to hold the appeal in abeyance was expected and necessary, primarily to give Judge Torres adequate time to rule on the joint resolution and, if approved, allow both parties to carry out the final procedural steps. In no way is it a bomb. The Appeal and Cross-Appeal needed to be held in abeyance for a longer period so that there is time for Judge Torres to rule on the joint motion filed last week, and if she grants the joint motion, for the parties to take the final steps to bring this… https://t.co/sUbfn9oS81 — bill morgan (@Belisarius2020) June 17, 2025 Morgan emphasized that the request is procedural and represents the logical progression of the case. “The Appeal and Cross-Appeal needed to be held in abeyance for a longer period so that there is time for Judge Torres to rule on the joint motion filed last week, and if she grants the joint motion, for the parties to take the final steps to bring this sorry tale to an end,” he explained. The Road to Resolution Judge Torres has played a central role in shaping the legal trajectory of the Ripple case. Her July 2023 summary judgment marked a partial victory for Ripple, ruling that XRP sold via exchanges and algorithms did not constitute securities . However, she found that institutional sales of XRP did violate securities laws. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Following that decision, the SEC filed an interlocutory appeal, while Ripple filed a cross-appeal challenging the parts of the judgment it opposed. Much later, both parties engaged in settlement discussions. A subsequent joint settlement agreement was denied by Judge Torres on procedural grounds, prompting a revised version now pending her decision. Why August 15 Matters If Judge Torres grants the revised joint motion within the 60-day window, the appeal and cross-appeal would become moot, clearing the way for a final resolution. Legal observers believe this timeline provides a real opportunity to conclude one of the most closely watched regulatory cases in crypto history. For Ripple, a final resolution would lift a years-long legal cloud over its business and the status of XRP. For the broader crypto industry, the outcome could influence how digital assets are classified and regulated in the United States going forward. Until then, all attention remains on Judge Torres as the countdown to August 15 begins. 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 Legal Expert States What Judge Torres Must Do Within 60 Days to End XRP Case appeared first on Times Tabloid .
