Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly renewed their request for an indicative ruling from Judge Analisa Torres, seeking to modify the final judgment entered against Ripple in August 2024. This time, the parties aim to correct what Judge Torres previously identified as a fundamental flaw in their earlier request: failure to meet the legal standard for post-judgment relief under Rule 60 of the Federal Rules of Civil Procedure. In a prior filing on May 8 , Ripple and the SEC sought court approval under Rule 62.1 for the court to indicate whether it would grant relief if the Second Circuit remanded the case. However, Judge Torres rejected the motion , noting that it failed to address “exceptional circumstances” as required under Rule 60. She emphasized that the request, although framed as a settlement approval, was effectively an attempt to vacate part of a final judgment without satisfying the appropriate legal standard. #XRPCommunity #SECGov v. #Ripple #XRP The parties have renewed their request for an indicative ruling. pic.twitter.com/8uESP4eWa1 — James K. Filan (@FilanLaw) June 12, 2025 Correcting Course and Targeting Rule 60 Attorney Fred Rispoli predicted that both parties would file this motion before the June 16 deadline for the SEC’s mandatory status update, and in their renewed motion, the parties explicitly address the court’s earlier concerns. They now invoke Rule 60(b)(6), which allows modification of a final judgment when “exceptional circumstances” justify relief. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The filing argues that such circumstances are present, given the length of the litigation, now over four and a half years, and the inefficiency of continuing with the current appeals while a full settlement is already in place. The filing also references the change in administration as an exceptional circumstance, as the SEC has shifted from its prior aggressive stance against cryptocurrencies. The parties ask the court to dissolve the injunction imposed on Ripple to prevent institutional XRP sales and allow the escrowed civil penalty to be distributed based on the agreement. This results in the SEC receiving $50 million and $75 million returning to Ripple. The motion also stresses that the court’s prior summary judgment ruling will remain intact, preserving the legal findings while facilitating final resolution. Request for an Indicative Ruling Ripple and the SEC argue that their revised motion aligns with precedent allowing post-judgment relief to enable settlement, especially where continued appeals would drain judicial resources. The filing also references recent dismissals of crypto cases, such as Coinbase and Consensys, as examples of the SEC’s shift toward settlement. The motion seeks an indicative ruling under Rule 62.1 to pursue remand. If granted, Judge Torres could dissolve the injunction and approve the settlement, pending a finding of the required exceptional circumstances. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Ripple and SEC Jointly Make Fresh Move to End XRP Case appeared first on Times Tabloid .
