The ongoing lawsuit between Ripple and SEC has kept the cryptocurrency world in suspense. XRP enthusiasts have been expressing their vexation towards the SEC for the delay in the case’s conclusion. Nevertheless, a legal expert has shed light on some crucial aspects of the case, revealing who’s really behind the delay.
Attorney Bill Morgan has recently pointed out that it’s Ripple, not the SEC, that is responsible for the delay. In a new post, Morgan elaborated that Ripple is seeking the court’s approval to lift the injunction on XRP sales. Interestingly, the SEC is not only complying but also aiding in the procedure.
Despite expectations of a swift settlement earlier, the case has been stalled due to Ripple’s insistence on lifting these restrictions first. When asked if the injunction’s dissolution is essential for Ripple to proceed, Morgan emphasized that it’s Ripple, not XRP investors, who needs it for selling XRP to institutions.
Another query was made: can the judge eliminate the injunction yet uphold the fine? The attorney confirmed the judge’s authority to do so.
The Ripple vs SEC case has been causing irritation due to the ongoing postponements. The next update in the case is scheduled for August 15, 2025. However, former SEC official Marc Fagel clarified that the date is not a hard deadline and that the case isn’t delayed until then. The judge could rule on the pending motion at any moment, be it in a few hours or weeks.
In an earlier tweet, Fagel also emphasized that Judge Torres had already ruled against Ripple last year, imposing a $125M fine and a permanent injunction. The case continues only because both Ripple and the SEC appealed and are now seeking modifications.
Morgan suggests that a decision might come sooner than expected. Any further delay could provoke new appeals and slow down the settlement discussions. Both parties have agreed to the deal, put their appeals on hold, and filed the necessary motions. The case’s conclusion now depends on Judge Torres issuing a ruling. Once approved, Ripple will pay a $50M fine, the injunction will be lifted, and both appeals will be dropped.
