Ripple Labs may finally be approaching the end of its years-long courtroom battle with the U.S. Securities and Exchange Commission (SEC). According to legal expert Fred Rispoli, the recent Supplemental Letter filed by Ripple in support of its Motion for an Indicative Ruling could trigger the next—and possibly final—phase of the case. While not the most forceful filing, Rispoli believes it addresses key concerns that could tip the scales in Ripple’s favor. Rispoli Reacts to Ripple’s Supplemental Letter Ripple’s filing was first disclosed by former federal prosecutor James K. Filan. In a detailed reaction, Fred Rispoli shared on X, “At 1.5 pages, this is not the strongest attempt—but it’s an attempt.” Despite its brevity, Rispoli argued that the letter addresses three long-standing gaps that Ripple had to confront. The first issue, he explained, is the role of the appellate court in the overall outcome. “The district court isn’t the end-all of this case, appellate courts are—and this ends ‘appellate risk,’” Rispoli said. This suggests Ripple is making it clear that any ruling from Judge Torres could be formalized through appellate remand, effectively minimizing future procedural uncertainty. At 1.5 pgs, this is not the strongest attempt–but it's an attempt. This concisely addresses three issues that were so obviously unaddressed that Ripple finally realized it had to say something: (1) the district court isn't the end-all of this case, appellate courts are–and… https://t.co/vwjR0Fbntb — Fred Rispoli (@freddyriz) June 17, 2025 The second issue revolves around the injunction placed on Ripple. Rispoli clarified, “Nothing is really being changed by dissolving the vanilla injunction—the summary judgment ruling remains and Ripple cannot break the law regardless of the injunction.” With the court already ruling in 2023 that XRP programmatic sales are not securities, the injunction has little legal weight left. Lastly, Rispoli pointed out that Ripple’s predicament differs from that of other crypto firms targeted by the SEC. “Ripple is only in this situation (as opposed to the majority of other SEC targets) because SEC chose Ripple years before its attacks on the other industry players,” he noted. This context emphasizes the unique burden Ripple has faced as an early target of the Commission. Optimism Builds as Timeline Narrows While he admitted he’s “still underwhelmed,” Rispoli said he is “feeling more optimistic,” adding that this move “may push us over the line.” That line, of course, is a ruling from Judge Torres that could signal the beginning of the end for the legal standoff. Not guaranteed, but highly likely Torres makes a ruling this week or next. If that happens then SEC and Ripple will file with 2nd Cir asking it to remand to make Torres indicative ruling formalized well before 8/15. As it stands, 8/15 is just a status report deadline. — Fred Rispoli (@freddyriz) June 17, 2025 When asked by a community member @KRN_CRYPTO whether the parties and the public would have to wait until August 15 for a decision. Rispoli responded, “Not guaranteed, but highly likely Torres makes a ruling this week or next. If that happens, then SEC and Ripple will file with [the] 2nd Cir[cuit] asking it to remand to make Torres’ indicative ruling formalized well before 8/15. As it stands, 8/15 is just a status report deadline.” We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This clarification is crucial: the August 15 date , widely misinterpreted as a ruling deadline, is simply a reporting checkpoint. If Judge Torres acts sooner, it could set off a chain reaction of procedural filings that lead to the case’s closure before that date. What Happens After a Favorable Ruling? When asked whether a positive ruling from Judge Torres would end the lawsuit entirely, Rispoli responded with a nuanced explanation. “Substantively but not formally,” he said. “A positive ruling from Torres means parties tell 2nd Cir[cuit] about [the] positive ruling, 2nd Cir[cuit] remands to Torres, Torres makes indicative ruling formal, parties then show 2nd Cir[cuit] the formal ruling, request dismissal… then case over.” Essentially, the court of appeals must remand the case back to Torres so she can formally implement the ruling. Only after both parties return to the appellate court with that final judgment can they move for a full dismissal of the case. Final Phase in Sight While the procedural steps that follow are technical, the substance of the matter may be resolved very soon. Judge Torres’ anticipated ruling could mark a major turning point, not only for Ripple but for the broader crypto industry watching closely. As Rispoli put it, “This may push us over the line.” If the court rules in Ripple’s favor within the expected timeframe, the SEC v. Ripple saga , which has defined regulatory discourse in crypto since 2020, may soon reach its long-awaited conclusion. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC: Legal Expert Predicts When Judge Torres Will Make A Ruling appeared first on Times Tabloid .
