It has been 20 days since Judge Analisa Torres denied the joint request for an indicative ruling from both Ripple and the SEC in their ongoing legal battle. The court ruled that the motion was procedurally improper, as both parties did not follow the proper legal procedure when filing for relief.
Judge Torres made it clear that if jurisdiction were restored to her court, she would reject the request as it currently stands. This means that Ripple and the SEC used the wrong rule of civil procedure to file the motion. The next step would typically be for both parties to refile the request correctly under the appropriate rule. However, as of now, no new filing has been made by either side.
Why Haven’t Ripple and the SEC Refiled the Motion Yet?
Attorney Fred Rispoli has noted the lack of a new filing from either party in the past 20 days. This delay is concerning as an important deadline is approaching on June 16 when both parties are required to file a status update with the U.S. Court of Appeals for the Second Circuit. Whether or not a new motion is pending before Judge Torres by this deadline will significantly impact the next steps in the legal proceedings.
20 days later, no refile yet by SEC and Ripple in district court and the June 16 deadline for the status update in the 2nd Circuit looms large. Expect the refile before Judge Torres to happen by then. If there is nothing pending before Torres when the parties file the…1/3 https://t.co/XSq3uYC0Bj
— Fred Rispoli (@freddyriz) June 4, 2025
If no new filing is made before Judge Torres by June 16, the Second Circuit will only have the judge’s previous denial to consider. This could lead to the appeals process restarting and proceeding as planned. However, if a properly filed motion is submitted before the deadline, the Second Circuit may pause proceedings for another 60 days to await further developments.
What’s the Next Step in This Legal Drama?
Many in the XRP community are questioning the delay and wondering why both Ripple and the SEC have not refiled the motion as instructed by Judge Torres. The consensus is that both parties need to correct their filing mistake and formally request the relief they seek. Ripple seems willing to comply to put an end to the legal battle, but the SEC’s stance remains unclear. With only 12 days left until the deadline, time is of the essence.
Did the SEC Drop Its Appeal?
There is speculation that the SEC may consider dropping its appeal altogether and leaving Ripple to deal with its cross-appeal independently. Attorney Rispoli clarified that the SEC has already dropped its main appeal, leaving Ripple’s cross-appeal concerning issues like fines and injunctions to be addressed.