- SEC’s June 16 deadline could determine the future regulatory status of XRP.
- Ripple case expected to dominate SEC’s June 9 round table on crypto policy.
- XRP’s price volatility reflects investor uncertainty ahead of potential settlement.
The U.S. Securities and Exchange Commission (SEC) is rapidly approaching a critical deadline in its legal battle with Ripple Labs. By June 16, the regulatory body must submit an update to the U.S. Court of Appeals regarding ongoing settlement negotiations.
If the SEC fails to act by that date, the appeal process will automatically continue, possibly extending the legal standoff for years. This case is viewed as a bellwether for crypto regulation, especially after last year’s pivotal court ruling on XRP sales.
Ripple Case Looms Over Upcoming SEC Round Table
On June 9, the SEC is set to hold a round table discussion on crypto regulation. With several high-ranking commissioners in attendance, including Chair Paul Atkins and Commissioner Hester Peirce, industry observers expect the Ripple case to take center stage. The case’s significance has grown following the Commission’s recent retreat from lawsuits against major players like Coinbase and Binance.
🔥XRP vs. SEC: 9 days left to act — or the case moves forward.
— Coin Bureau (@coinbureau) June 7, 2025
🗓️ By June 16, the SEC must update the Appeals Court on settlement talks — or the legal battle resumes automatically.
Attorney Bill Morgan warns: “Something has to happen by then…” pic.twitter.com/XnEaa81QXg
Notably, Commissioner Caroline Crenshaw has been vocal in her opposition to the SEC’s evolving enforcement strategy. She previously dissented against a proposed Ripple settlement, criticizing its potential impact on public trust and the legal clarity of securities law. Her continued disapproval could shape the SEC’s tone during the upcoming discussion.
Legal Setbacks and Strategic Crossroads
The court’s rejection of Ripple and the SEC’s joint motion for an indicative ruling threw a wrench into settlement efforts. Judge Analisa Torres pointed out flaws in the request and questioned whether it served broader investor interests. Now, the SEC must either resubmit a revised request or risk continuing litigation without a resolution in sight.
The outcome of this decision could significantly reshape Ripple’s legal and financial future. If the SEC chooses to withdraw its appeal, the original ruling that XRP programmatic sales do not qualify as securities would stand.
That would open the door for XRP to be treated as a commodity, boosting hopes for an XRP-spot ETF approval. Such a development could increase demand for XRP and improve its market position.
Market Response and Investor Implications
The crypto market is already reacting to the legal uncertainty. XRP has dropped 15% since the court rejected the indicative ruling. Meanwhile, the broader crypto market only fell by 2.4%. Despite this, XRP showed slight recovery, rising 1.51% in the last 24 hours to trade at $2.19. Its seven-day gain of 2.21% suggests cautious optimism among investors.
