Rumors have recently gone viral on social media, particularly on X (formerly Twitter), claiming that the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) will end on June 16. Social media posts consider June 16 as the final settlement date for the XRP lawsuit.
But, there’s no official confirmation of a settlement. Those speculating on June 16 rely on the upcoming deadline in the case, not when the court will issue the verdict. Pro-XRP attorney Fred Rispoli, clarified the significance of the June 16 date.
It marks a deadline for a status update to the U.S. Court of Appeals for the Second Circuit. This stems from a May 15 decision by Judge Analisa Torres, who rejected a joint request from Ripple and the SEC that sought to approve a settlement deal. She ruled the filing was made under the wrong legal rule and warned she would have denied it regardless.
Importantly, since that denial, neither party has refiled a corrected motion, prompting concern and speculation. If no new filing is made by June 16, the appeals court may proceed based on the judge’s original rejection — potentially restarting the appeal process. Meanwhile the motion is valid and is brought within the deadline, it can lead to the proceedings being suspended for 60 more days.
Currently there are no papers or statements to show that the case has been settled. Any statements about the ending of the case are at most vague and only theoretical.
Upon fact checking, on June 16 the expected settlement of the Ripple SEC lawsuit is still not certain. The claims on social media about a secret agreement between the Ripple, SEC, and Judge Torres also don’t seem to be true, since there is no evidence to support them.
To summarize, the June 16 date only serves as an agreed timeframe for the next step and doesn’t decide the outcome. The existence of a secret settlement deal is yet to be confirmed
Also Read : XRP Lawsuit: US SEC Files Opposition in Ripple Case
