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Social media users have widely stated that Ripple Labs and the SEC will settle their case by June 16, 2025. Nevertheless, neither party nor the court has confirmed that the case is over. The rumors are based on an upcoming legal update in the lawsuit. Fred Rispoli explained that June 16 marks no deadline regarding XRP’s lawsuit. So, both Ripple and the SEC must give an update to the U.S. Court of Appeals for the Second Circuit by this date.
The requirement comes from an earlier outcome of Judge Torres refusing a similar joint request put forward by Ripple and the SEC, back on May 15. The court denied the motion since it was based on the wrong section of legislation, and the judge would have rejected it in any form. Neither party introduced a new proposal after that, making the subsequent actions unclear.
Cryptocurrency investors and enthusiasts are confused because of inaccurate information regarding the settlement date that appeared on platforms like Twitter. Several have said that Ripple, the SEC, and Judge Torres have quietly decided to settle the case by June. Yet, there is no evidence from official documents, news releases, or documents presented in court.
No decision has been made in the lawsuit at this moment. The June 16 date is assigned to allow both parties to explain how they are dealing with the joint motion that was rejected. Should a new and correct motion be presented by that date, the case may be put on hold for another 60 days for more discussions. Where no motion is filed, the court can go ahead with the appeal guided by Judge Torres’ initial ruling.
The Ripple-SEC case is still not finished, despite many speculations about it. The June 16 date is set by the government as a routine checkpoint, not as a decision point. Experts are still looking for official updates from any of the parties or the court.
At the moment, every suggestion about the lawsuit covering up on June 16 is still speculation. Market participants and those with XRP should rely on legal documents and statements from officials rather than social media opinions about the case’s progress.
