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Highlights
- The XRP lawsuit's settlement is weeks away, says Bill Morgan.
- The lawyer notes that the settlement is contingent on the indicative ruling.
- The lawsuit will conclude with a motion to dismiss after a $50 million fine is paid and the injunction is resolved.
- However, Ripple is stalling the settlement process by pushing for a ruling to lift an injunction affecting the institutional sale of XRP
The XRP lawsuit is nearing its conclusion, with a potential settlement expected within weeks. Amid ongoing speculation, XRP lawyer Bill Morgan has offered his insight, predicting a settlement could be reached within weeks. However, Ripple’s push to lift a previous injunction may extend the entire settlement process. Is a settlement finally in sight for the Ripple vs SEC case?
Weeks Away from Resolution? Lawyer’s Forecast for XRP Lawsuit
In his latest X post, XRP attorney Bill Margan has shared insights into the ongoing Ripple vs SEC lawsuit. According to Morgan, the XRP lawsuit is progressing in several key steps. With both parties now awaiting a crucial ruling from the district court, the lawyer views this development as a positive signal. He posited that a conclusion is imminent within weeks if “the SEC and Ripple obtain the indicative ruling.”
Notably, Morgan’s prediction comes on the heels of Ripple’s latest submission of a supplemental letter in support of its joint motion with the SEC. This move reinforces the firm’s commitment to the joint motion, which seeks an indicative ruling – a step that both parties pursued last week after Judge Torres’ initial denial.
There’s a rising sense of optimism about the judge’s potential approval of the motion. Recently, attorney John Deaton assessed the odds of Judge Analisa Torres approving the joint motion at 70%. He stated, “The fact that both parties are in agreement on this motion is significant. It shows they are serious about resolving this case and moving forward.”
Delay Tactics Revealed in Ripple vs SEC Lawsuit
In a separate X thread, Morgan claimed that Ripple is responsible for the delay in the Ripple vs SEC case, as the company seeks to have the injunction dissolved. According to Morgan, the SEC is willing to settle, but Ripple’s desire to dissolve the injunction is hindering progress.
The XRP lawyer asserted that the SEC is actually working to help Ripple achieve this goal. Adding that an earlier settlement was possible, he stated,
Rather than cause the delay the SEC is actually bending over backwards to help ripple have the injunction dissolved. Ripple and the SEC would have settled months ago but for Ripple wanting to dissolve injunction.
Bill Morgan previously noted that not lifting the injunction will adversely affect Ripple’s fundraising ability in private offerings. Ripple is keen on avoiding additional legal risks from the institutional sale of XRP, doubling down to force a removal of the injunction.
Lawyer Reveals the Path Forward in Ripple Lawsuit
In addition, Morgan shed light on the prior steps taken and the forthcoming developments in the XRP lawsuit. After years of legal battle, both parties signed a settlement agreement, with Ripple signing on April 23, 2025, and the SEC on May 8, 2025. They also filed a motion to hold the appeal and cross-appeal in abeyance, which was granted for 60 days from April 16, 2025, to June 16, 2025.
The lawyer further outlines that Ripple and the commission filed a Rule 62.1 motion seeking an indicative ruling on May 8, 2025, as abovementioned. After Judge Torres denied it, they filed a second joint motion on June 12, 2025. And recently, on June 16, they submitted the status report, seeking to hold the appeal and cross-appeal in abeyance.
As per Morgan’s breakdown, the next steps involved will be dependent on the indicative ruling. If obtained, the parties will file a motion for a limited remand to seek agreed-upon relief. Following this, they will file a motion with Judge Torres seeking the relief agreed upon between the parties.
Ultimately, after resolving the injunction and paying a reduced fine of $50 million, the parties will file a motion to dismiss the appeal and cross-appeal with the Second Circuit Court.
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