Lawyer Bill Morgan says the XRP lawsuit could settle in weeks if Judge Torres approves the indicative motion, signaling an imminent conclusion.
The conclusion of the XRP lawsuit is imminent, and a potential settlement is anticipated within the next few weeks.
Amid ongoing speculation, XRP counsel Bill Morgan provided his perspective, predicting a settlement could be reached within the next few weeks. Is there a definitive resolution to the Ripple vs SEC case?
Weeks Before Resolution? Attorney’s Prognosis For XRP Lawsuit
In his most recent X post, XRP attorney Bill Morgan has provided valuable insights into the ongoing Ripple vs SEC lawsuit.
According to Morgan, the XRP lawsuit is advancing in several significant ways.
The lawyer perceives this development as a positive sign, as both parties anticipate a critical judgment from the district court.
He suggested a conclusion is likely within the next few weeks if “the SEC and Ripple obtain the indicative ruling.”
Morgan’s forecast is particularly noteworthy in light of Ripple’s most recent submission of a supplemental letter supporting its joint motion with the SEC.
This action further solidifies the firm’s dedication to the joint petition, which is seeking an indicative ruling.
Last week, both parties pursued this action in response to Judge Torres’ initial denial.
There is growing optimism regarding the judge’s potential approval of the motion.
Attorney John Deaton recently estimated that the probability of Judge Analisa Torres approving the joint motion is 70%.
He declared, “The fact that both parties agree on this motion is significant.”
It demonstrates their commitment to resolving this case and making progress.
Lawyer Discloses Next Steps In Ripple Lawsuit
Morgan also provided insight into the previous actions and upcoming developments in the XRP lawsuit.
Both parties executed a settlement agreement following years of litigation. Ripple executed the deal on April 23, 2025, while the SEC executed it on May 8, 2025.
They also submitted a motion to suspend the appeal and cross-appeal for 60 days, from April 16, 2025, to June 16, 2025.
The motion was granted.
The lawyer also specifies that Ripple and the commission submitted a Rule 62.1 motion to obtain an indicative ruling on May 8, 2025, as previously mentioned.
They filed a second joint motion on June 12, 2025, after Judge Torres denied it.
To maintain the appeal and cross-appeal in abeyance, they submitted the status report on June 16.
Morgan’s breakdown indicates that the subsequent actions will be contingent upon the indicative ruling.
The parties will submit a motion for a limited remand to pursue the relief they mutually agreed upon, provided it is granted.
Afterward, they will submit a motion to Judge Torres to obtain the relief mutually agreed upon by the parties.
Ultimately, the parties will submit a petition to dismiss the appeal and cross-appeal to the Second Circuit Court after resolving the injunction and paying a reduced fine of $50 million.
