SEC and Ripple Files Another Request to Reverse Securities Ruling
Ripple and the SEC continue to struggle over the issue of selling securities, with experts skeptical about their latest motion's success. If rejected, Ripple may face a permanent ban on retail sales.
After being denied by US District Judge Analisa Torres last month, Ripple and the SEC filed another motion to finally end their landmark legal battle. The two parties are again trying to relitigate Ripple’s right to sell securities.
However, legal commentators called this effort a “rare whiff” from Ripple’s legal team and do not believe it will work. If the court denies again, the company may need to accept its ban on selling securities for the time being, at least to retail investors.
Ripple and SEC Saga Continues
The SEC vs Ripple case, a landmark enforcement action of the Gensler era, has been dragging on for a while now. Despite the Commission dropping its suit in March, remaining loose ends have kept the two parties returning to court.
Today, they returned before Judge Torres, once again attempting to wrap up the last disputes.
— Eleanor Terrett (@EleanorTerrett) June 12, 2025
NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow. They’re proposing that $50 million be paid to the SEC, with the remaining funds returned… pic.twitter.com/UopQuQNG5q
Judge Torres rejected Ripple’s last joint filing with the SEC in May, causing the two parties to scramble to meet a June 16 deadline.
Their proposed deal cites a few “exceptional circumstances,” such as the SEC’s total shift on crypto policy, as sufficient justification to change a prior ruling.
The issue is whether the SEC should ban Ripple from selling securities under Gary Gensler. Simply put, the current Commission would like to reverse this decision. Large fees are also in the mix, but they’re a secondary concern.
Still, Fred Rispoli, a trial lawyer specializing in crypto cases, expressed skepticism with the move, considering the proposal sloppy:
“I don’t like this filing based on how obvious it was from Judge Torres’ last ruling that she was pissed. I recommended a long, detailed motion explaining the SEC’s failures in crypto regulation (with Commissioner declarations) and some apologies from Ripple for what it got tagged on. Instead, we got one paragraph on the other SEC dismissals and a paltry mention of the SEC Crypto Task Force. Oof,” Rispoli stated.
Legal experts on social media think this filing doesn’t make substantial changes in legal citations from the last attempt, and they believe Torres will reject this one, too.
However, in all likelihood, Judge Torres has the legal grounds to recognize the SEC’s renewed direction and accept this motion to dismiss the lawsuit.
So, June 16 remains the key date. If this motion doesn’t persuade the Judge, Ripple will have to wait until 2026 for another chance at dismissal.
At a certain point, even if both institutions wish to permit non-institutional securities sales, the choice may be out of their hands. Ripple may need to start seriously preparing for a future where it cannot reverse this ruling, period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network (PI) Retesting Its Key Breakout – Could a Rebound Be Near?

Bitcoin News Update: Bitcoin Drops 30%, Revealing 'Panda Phase'—A Mild Bear Market Lacking a Definite Bottom
- Bitcoin fell 30% to $87,080, its steepest two-month drop since 2022, driven by ETF outflows, leverage liquidations, and stablecoin declines. - Institutional confidence waned as asset managers paused accumulation, while retail investors exited en masse, worsening liquidity and market sentiment. - The Crypto Fear & Greed Index hit record lows at 15, reflecting panic amid Fed policy uncertainty and Bitcoin's 0.72 correlation with the Nasdaq 100. - Deribit's $1.76B call condor bet hints at cautious optimism,
Lowe's CEO's Approach to DEI: Embedding Diversity into Operations Rather Than Symbolic Actions
- Marvin Ellison, former Target part-timer and one of eight Black Fortune 500 CEOs, led Lowe's to $20.81B Q3 revenue through operational discipline and AI-driven innovation. - His Total Home strategy integrating services and store productivity, plus 50+ AI models for inventory/price optimization, drives growth amid retail challenges. - Ellison prioritizes action-based DEI reforms like leadership-focused hiring over credentials, rejecting performative gestures post-2020 George Floyd protests. - Despite rais

Bitcoin News Update: Unveiling Layered Risks as Connections Between Crypto and Traditional Finance Deepen
- Bybit temporarily halted CME-linked crypto futures trading after CME Globex disruptions, exposing vulnerabilities in centralized infrastructure linking traditional and digital markets. - CME Group faced scrutiny for technical glitches suspending Bitcoin futures, despite record 9% monthly growth in crypto derivatives volume and 132% YoY expansion in notional value. - Analysts highlight cascading risks from centralized system failures, urging diversified risk strategies as institutional adoption of 24/7 cr


NEW: The