Ripple vs. SEC: Who’s Really Causing the Delay?
The Ripple-SEC legal battle has dragged on longer than most expected, leaving XRP supporters frustrated and pointing fingers. But here’s the twist—it might not be the SEC slowing things down after all. According to attorney Bill Morgan, Ripple itself is the one holding up the process.
In a recent post, Morgan explained that Ripple is pushing to dissolve an injunction restricting how it can sell XRP. Oddly enough, the SEC isn’t fighting this. In fact, Morgan claims the agency is “bending over backwards” to help remove the restriction. If not for this sticking point, the case might’ve been settled months ago.
One user asked whether dissolving the injunction really matters for XRP investors. Morgan’s response was blunt: “Ripple needs it, not the XRP investors.” In other words, this is about Ripple’s ability to sell XRP to institutions, not necessarily about broader market concerns.
Another question popped up: Could the judge lift the injunction but keep the fine? Morgan confirmed that’s entirely possible. The court has the authority to do one without the other.
When Will the Judge Rule?
The next official update in the case is scheduled for August 15, 2025, but former SEC official Marc Fagel clarified that this isn’t a hard deadline. The judge could rule “in hours, days, or weeks”—or, theoretically, even longer, though that seems unlikely.
Fagel also pointed out that Judge Torres already ruled against Ripple last year, imposing a $125 million fine and a permanent injunction. The case is still alive only because both sides appealed, seeking adjustments. That’s on them, not the court.
Morgan, however, thinks a decision could come sooner. If it doesn’t, new appeals might further stall settlement talks. Right now, both parties have agreed to terms, paused their appeals, and filed the necessary paperwork. Everything hinges on Judge Torres signing off.
If she does, Ripple pays a reduced $50 million fine, the injunction disappears, and the appeals get dropped. Until then, the waiting game continues—and it’s Ripple, not the SEC, calling the shots on the delay.
Not exactly the resolution the crypto community hoped for, but at least there’s some clarity on where things stand. For now, all anyone can do is wait.
