Judge Torres Throws Curveball: XRP Lawsuit Drags Into Q3 as SEC-Ripple Deal Collapses

Another quarter, another delay—the crypto industry's favorite legal soap opera continues.

Ripple vs. SEC: The Never-Ending Story

Judge Analisa Torres just slammed the brakes on Ripple and the SEC's joint motion to fast-track the case. No surprises here—regulators move at the speed of dial-up while the crypto market operates in 5G.

What's Next for XRP?

The lawsuit now bleeds into Q3 2025, giving traders more time to place their bets. Will this finally be the year we get clarity? Don't hold your breath—Wall Street's lawyers bill by the hour.

The Bottom Line

While the SEC fights paper battles, decentralized networks keep humming along. Maybe someone should tell the regulators that blockchain doesn't wait for permission—or federal judges.

The next key date is August 15. The SEC must file a status report with the court outlining its next steps. Ripple could also respond or file a new motion before then.

If no resolution is reached, the case could return to the Second Circuit Court of Appeals. That would extend the legal process into late 2025 or beyond.

The underlying ruling from July 2023 remains in place. That judgment found Ripple’s programmatic XRP sales on exchanges were not securities, but sales to institutional buyers were.

For now, institutional XRP sales remain restricted, and the penalty against Ripple stands unresolved. The parties face a renewed legal fight unless they revise their agreement or reach a new settlement.