The Ripple vs. SEC lawsuit continues with an important deadline approaching on June 16th for the SEC to submit its status report.
Both Ripple and the SEC agreed to a 60-day pause earlier this year to work on a potential settlement, with a proposed reduced fine of $50 million for Ripple.
Former SEC attorney Marc Fagel clarified that there is no pending ruling from Judge Torres on the appeal withdrawal.
Judge Analisa Torres recently denied a joint motion for an "indicative ruling," highlighting the procedural challenges in the case.
The upcoming SEC status report on June 16th will indicate progress towards a settlement or potential further court battles.
The ongoing Ripple vs. SEC case, lasting over four years, has significantly impacted XRP's price and investor sentiment.
The community eagerly awaits the next developments that could shape the future of Ripple, XRP, and the broader crypto market.