Ripple-SEC Case on the Brink – Lawyer Says Something Has to Happen Soon or Else

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is approaching a crucial deadline. The SEC must submit a status report to the U.S. Court of Appeals for the Second Circuit by June 16.

This update follows a temporary pause in the appeal and cross-appeal process granted earlier this year. The pause came after a joint request from both Ripple and the SEC, halting the case for several months.

Prominent Attorney Bill Morgan called the public’s attention to the approaching deadline, stating that the SEC must submit its report before the deadline. He pointed out that if this date is missed, then the case could be prolonged and move to the next stage.

This entails that the appeal and cross-appeal process would have to continue, and Ripple would be faced with a deadline to submit its briefing.

The count down to the date the SEC must report to the Appeal Court is now 12 days. Something has to happen by then or the Appeal and Cross-appeal continues and a briefing is due from Ripple. pic.twitter.com/pxImvvJxGG

— bill morgan (@Belisarius2020) June 4, 2025

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Meanwhile, Justin Keener’s outside involvement added another layer to the case after he submitted  “evidence” that some experts view as irrelevant, which may add confusion to the court procedure. This has raised concerns about the likelihood of more delays or shifts from key matters.

Attorney Andrew Balthazor believes it is unlikely that this matter will be resolved right away. He said that even though the pause was lengthy, nothing significant had been added to the filings.

In his view, it shows that there are still things preventing the case from advancing. Alternatively, Keri Axel believes the pause offers valuable time to negotiate, as it might inspire settlement, again, whether or not there is proof of it currently.

SEC’s Upcoming Move Could Shape Crypto’s Future

The crypto industry and legal experts have scrutinised the SEC’s handling of the Ripple case. Many see this lawsuit as a defining test of U.S. regulatory clarity on digital assets. Ripple has insisted that XRP is not a security, and a favourable outcome could ease legal uncertainties.

With a resolution, hesitant businesses might join Ripple, increasing the scope of XRP’s use in worldwide financial markets.

As the June 16 deadline approaches, the next SEC filing will determine much. The agency’s next move will affect whether the litigation resumes or if the case is handled differently.

Ultimately, the case between Ripple and the SEC is now at a key moment as time is almost up. Bill Morgan’s comment that something needs to change reflects how vital the upcoming deadline is.

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