The legal fight between **Ripple** and the **SEC** is heating up as the June 16 deadline looms for the SEC’s response to the Appeal Court.
According to Bill Morgan, if no action occurs by then, the appeals will proceed and **Ripple** will need to present its next legal arguments. A new motion before Judge Torres could delay the process by another 60 days.
June 16 is not the final judgment day for the Ripple vs. SEC case, as clarified by Fred Rispoli. It’s a deadline for a status update to the U.S. Court of Appeals, not the settlement date.
Judge Analisa Torres rejected a settlement attempt by **Ripple** and the SEC. With neither side refiling since then, Fred Rispoli anticipates a new motion soon. Both parties must cooperate for approval, raising the question of the SEC’s public stance.
Bill Morgan predicts the legal battle could extend for another two months, despite rumors of a potential $50 million fine agreement and lifting of injunctions without concrete evidence.
**XRP**’s price may rise after the June 16 update, potentially reaching $2.50 with expected legal filings. The current price is $2.25, down by 2.2% in the last 24 hours.
A positive settlement outcome is crucial for **XRP**’s recovery, as it might lead to dropping the cross-appeal by **Ripple** and the SEC withdrawing their appeal. Short-term price movements will be influenced by court updates and news on a spot ETF.
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