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XRP Lawsuit Update: Ex-SEC Lawyer Says ‘No Ruling Coming from Judge Torres,’ Here’s Why

  • 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.

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