It’s been over 20 days since Judge Torres denied the SEC and Ripple’s joint motion to modify the final judgment – and still, there’s no sign of a refile. This silence is starting to raise eyebrows, especially with the June 16 deadline for a status update to the Second Circuit Court of Appeals coming up fast.
The issue isn’t just about timing. It’s about what the delay could mean for the next phase of the case. If neither the SEC nor Ripple files anything with Judge Torres by June 16, the Second Circuit will have nothing new to review except her original denial. That would automatically restart the appeals process. But if a new motion is pending before Torres by that date, it could push the appeals timeline out by another 60 days. That’s why this next move matters.
Attorney Fred Rispoli, a pro-Ripple legal analyst, explained the situation on X (formerly Twitter). He pointed out that Judge Torres was clear in her message: if both parties want to amend the final judgment, they need to refile the motion correctly and, in a sense, “beg for forgiveness.” In other words, they need to acknowledge that their original request was procedurally flawed and make their case again – this time under the proper rule.
20 days later, no refile yet by SEC and Ripple in district court and the June 16 deadline for the status update in the 2nd Circuit looms large. Expect the refile before Judge Torres to happen by then. If there is nothing pending before Torres when the parties file the…1/3 https://t.co/XSq3uYC0Bj
— Fred Rispoli (@freddyriz) June 4, 2025
The legal rule in question is Rule 60, which sets a high bar for changing a final judgment. Usually, this type of motion is filed by one side that disagrees with the outcome. But in this case, both the SEC and Ripple want the same thing. They’re asking the judge to alter the judgment to reflect their joint settlement regarding institutional sales of XRP.
Rispoli commented that he and others assumed the judge would approve the request since both parties were aligned. But her denial showed that proper legal process still matters, no matter how cooperative the parties may be. Now, the real question is how willing the SEC is to admit fault publicly and file a corrected motion. Ripple is expected to go along with whatever it takes to close this chapter. But the SEC may be less eager to show its cards.
It is a very high bar but that is because usually only one side wants to amend the judgment. The parties thought, and I did too, that because both sides wanted the same thing that she would go along.
— Fred Rispoli (@freddyriz) June 5, 2025
One trader in the thread noted how rare it is to see a judge amend a final judgment, especially when the first request wasn’t properly structured. Rispoli agreed that it’s a high standard but reminded everyone that this case is unique. When both sides agree on the outcome, it usually simplifies things – unless procedure gets in the way, as it has here.
So now the pressure is on. With just days left before the June 16 status report is due, everyone is watching to see if Ripple and the SEC will get their act together and file again before Judge Torres. If they don’t, the Second Circuit could start reviewing the original decision, opening the door for more delays and possibly more legal back-and-forth.
The XRP community has seen plenty of plot twists in this case over the years, but this latest one might be the strangest yet – two sides who want the same thing, but still stuck in procedural limbo. Whether it ends quietly with a new filing or drags out even longer could shape the next chapter in XRP’s legal journey.
Read also: Why Ripple (XRP) Price Isn’t Exploding Despite the Hype
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