The protracted lawsuit that Ripple and the Securities and Exchange Commission (SEC) have been heating up is perhaps coming to its conclusion. As lawyer Bill Morgan explained, the XRP case is undergoing its last procedures, and the settlement may be reached in several weeks. The update comes amid Ripple and the SEC’s latest legal filings, as both parties seek an indicative ruling from Judge Analisa Torres.

XRP Lawsuit Nears Final Stage as Court Awaits Ruling

Attorney Bill Morgan has shared his analysis of the Ripple vs SEC case in a recent post on X. He noted that the legal process is advancing, and an indicative ruling could come soon. When it is granted, the parties will ask the court to grant a limited remand and move to seek.

If the SEC and ripple obtain the indicative ruling, the matter should be concluded within the next several weeks

— bill morgan (@Belisarius2020) June 18, 2025

Ripple filed a supporting supplemental letter on June 16 on a joint motion with the SEC. This filing is meant to enforce the request for an indicative ruling under Rule 62.1. This move is in response to a previous order of denial by Judge Torres, and both parties reacted by making a second joint request on June 12.

Settlement Timeline Narrowed as Legal Filings Intensify

According to the plan elaborated by Morgan, the proposed settlement agreement was signed by Ripple on April 23, 2025. The SEC signed its side of the deal on May 8. Both entities also agreed to pause the current appeal and cross-appeal processes. This was officially granted by the court for 60 days, from April 16 to June 16, 2025.

They did. 62 days ago https://t.co/qgdIm4r7Lp

— bill morgan (@Belisarius2020) June 18, 2025

The course of the legal future will be based on what Judge Torres decides regarding the current joint motion. In the event of grant, both the parties will seek a limited remand to formalize the settlement terms. The court will be able to hear the relief terms which are agreed upon including the lowered payment of the penalty to the tune of 50 million dollars by Ripple.

Legal Experts Point to High Odds of Approval

Attorney John Deaton has assessed the likelihood of Judge Torres approving the joint motion at 70%. He noted, “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.”

If the indicative ruling is granted, the court will allow Ripple and the SEC to finalize their settlement terms. After final court approval, the parties are expected to move to dismiss the appeal and cross-appeal before the Second Circuit Court of Appeals.

Morgan emphasized that the court’s decision could be the final legal step before resolution. If the indicative ruling is denied again, it may delay the expected timeline, but current indicators point to progress toward closure.

XRP Legal Battle May Soon Conclude After Years of Disputes

The lawsuit between Ripple and the SEC lasted more than four years. It all started with the SEC accusing Ripple Labs of an unregistered securities offering for selling XRP. Ripple opposed the allegations and has opposed the charges by pursuing them over prolonged court procedures.

The new shared briefings and compatible legal activities indicate a change in the tone between the parties. It now seems that the SEC and Ripple are ready to resolve the issue. The decision of Judge Torres, which we might see in the next few weeks, might turn out to be the completion of one of the most-watched cases in crypto history.

Motions, declarations, and papers filed by Ripple and the SEC, statements by the attorneys, and court records envisage a common motive to end the conflict. If the judge decides to allow the motion, the solution would be very fast, as the appeal would be concluded by filing formal dismissals.