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- Welcome Kevin_Lee to the Gate Square! 🎉
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Lawyers say the ruling between Ripple and the SEC is complicated and may lead to a fall in XRP prices faster than expected.
Gate News bot news, lawyer Bill Morgan conducted an in-depth analysis of the ongoing lawsuit between the SEC and Ripple regarding XRP transactions, warning that the litigation ruling is complex and could lead to a fall in XRP price beyond expectations.
XRP and the SEC submitted an amended joint motion on June 12, 2025, requesting Judge Analisa Torres to lift the injunction. The SEC also asked the appellate court to stay the appeal process. The court subsequently granted a 60-day stay until August 15, 2025.
Regarding speculation that the ruling may be delayed until August 15, Morgan stated that he expects Judge Torres to make a ruling before that date. A postponement could restart the appeal process, complicating settlement negotiations.
He commented on social media platform X this week: The next update may need to be completed before August 15, 2025. I don't think anyone would expect Judge Torres to take so long to rule on the joint motion filed by the SEC and Ripple on June 12, 2025.
This lawyer also clarified a common misconception about who should be responsible for the delays. According to him, Ripple is the main reason for the delays in this process, not the SEC.
He explained: "XRP is the root of the delay. It wants the ban lifted. The SEC has not only not caused the delay but has actually done everything it can to help Ripple lift the ban. If it weren't for Ripple wanting to lift the ban, Ripple and the SEC would have settled months ago."