In the ongoing legal battle between **Ripple Labs** and the **U.S. Securities and Exchange Commission (SEC)**, Ripple filed a new letter supporting a joint request for an “indicative ruling” from the court. This means both Ripple and the SEC seek a signal from the judge to proceed with a settlement while upholding the original court ruling, without changing it.
Ripple clarified that even if the court removes the order for them to “obey the law,” they will still comply with all securities regulations like any other company. The removal of the order would not exempt Ripple from its legal obligations; they would still be bound by the same rules applicable to them and everyone else in the market.
A former SEC lawyer, Marc Fagel, mentioned that the new letter does not introduce any significant changes to the previous submissions. He suggested that it appears to be a response to doubts expressed by some legal experts in the crypto community on social media.
During this legal turmoil, the price of **XRP** has suffered a setback. After peaking at $2.31 in a day, the token plunged over 7% and is currently trading near $2.15. XRP has made five unsuccessful attempts since May 29 to surpass the $2.27–$2.30 resistance range, with the latest rejection occurring on June 16.
Investors and the crypto community are eager to see how the court will react to the joint plea and whether a settlement could finally bring an end to this long-lasting legal dispute.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
