A recent post by crypto commentator John Squire suggested that Judge Analisa Torres is nearing a final decision in the long-running SEC vs Ripple case. He stated that her ruling could redefine the legal status of digital assets in the United States. This interpretation quickly circulated across social media, fueling speculation about a landmark ruling. However, attorney Bill Morgan, widely respected for his analysis of the case, corrected Squire’s assessment of the lawsuit’s current status. Morgan clarified that the upcoming decision will not reshape the regulatory framework for cryptocurrencies. Instead, it pertains specifically to the joint motion recently filed by both Ripple and the SEC, focusing on remedies rather than the underlying legal status of XRP or digital assets in general. This is incorrect. The decision on the joint motion filed last week will be an indicative ruling on whether there are exceptional circumstances to warrant the Court reducing the penalty and dissolving the injunction. It will not be a ruling that will redefine the status of… https://t.co/lkjE24WkSE pic.twitter.com/YR8Lq6gxwG — bill morgan (@Belisarius2020) June 25, 2025 The True Nature of the Indicative Ruling Morgan emphasized that the court is considering what is known as an “indicative ruling,” a legal mechanism where the judge assesses whether there are exceptional circumstances that justify reducing the financial penalty against Ripple and dissolving the previously imposed injunction. This process does not revisit or alter the core legal questions settled in the summary judgment issued in July 2023 . Morgan attached a screenshot from this ruling, which stated that “the Parties here do not seek to vacate, amend, or modify the Summary Judgment Order.” It further adds that the order will “remain untouched and will continue to bind the parties under the principles of claim and issue preclusion.” This means that the court’s landmark determination, which found that XRP sales on secondary markets did not constitute securities transactions, remains intact and unaffected by the current proceedings. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Scope of the Current Proceedings The distinction is crucial. While some observers, including Squire, frame the forthcoming ruling as one that could redefine the status of digital assets nationwide, Morgan stressed that this is inaccurate. The decision is procedural and limited in scope, dealing exclusively with whether Ripple’s penalty should be adjusted and whether the injunction initially sought by the SEC should be dissolved. After the court denied the first joint motion , Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, explained that XRP’s status remains intact , and the remedy the parties are seeking will not modify any part of that ruling. Despite the excitement generated by recent commentary, the Ripple vs SEC case is not about to deliver a new ruling on the status of crypto assets. Instead, the court’s focus is firmly on resolving remaining issues, including lowering Ripple’s penalty and removing the permanent injunction preventing institutional sales. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Legal Expert Makes Crucial Clarification As XRP Holders Anticipate Final Decision appeared first on Times Tabloid .
