The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) took another twist in June 2025. Despite several headlines claiming the SEC has dropped its appeal, prominent Australian lawyer Bill Morgan, who has consistently corrected wrong notions and misconceptions about the case, has clarified that the appeal is still active, just temporarily paused. His insights reveal the key legal step that could finally bring this drawn-out case to an end. Appeal on Hold, Not Dropped Contrary to some social media claims, the SEC has not officially withdrawn its appeal. Instead, both parties agreed to put the case on hold, known as being “in abeyance”, while waiting for a ruling from Judge Analisa Torres. The U.S. Court of Appeals for the Second Circuit approved this pause, extending it through August 15, 2025, giving time for the lower court to weigh in. Bill Morgan: What Must Happen Next Recently, an X user XRP_Cro posted that The SEC has dropped its appeal against Ripple. Reacting to misinformation, Bill Morgan posted on X: “The Appeal is still on and in abeyance. Performance of the settlement agreement between the SEC and Ripple, which will end the appeal, depends on a positive indicative ruling from Judge Torres…” Except the Appeal is still on foot and in abeyance and performance of the settlement agreement between the SEC and Ripple which will end the appeal depends on a positive indicative ruling from Judge Torres which she may not give in order to finally end this horrible anti-retail… https://t.co/wZQqx7rns7 — bill morgan (@Belisarius2020) June 26, 2025 This means the SEC and Ripple’s proposed $50 million settlement—which would also lift the injunction on XRP’s institutional sales—cannot proceed unless Judge Torres signals she would be willing to modify her earlier ruling. That signal is known as an “indicative ruling.” Earlier Hurdles: Wrong Procedure Initially, both parties filed a joint request on May 8, asking Judge Torres to issue the indicative ruling. However, the motion was denied because it cited the wrong rule, Federal Rule 62.1, when it should have relied on Rule 60(b), which governs requests to reopen a final judgment. Acknowledging the mistake, the SEC and Ripple refiled a corrected motion on June 12. They also notified the appeals court, requesting to keep the case paused while Judge Torres reviews the new filing. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Why the Ruling Is Critical As Bill Morgan emphasized, the case hinges entirely on Judge Torres . If she issues a favorable indicative ruling, the case can be sent back to her court, allowing both sides to finalize the settlement and ask the appellate court to dismiss the appeal. However, if she declines, the appeal could resume. That would mean Ripple and the SEC return to court, continue briefing, and prolong a case that’s already dragged on for years. What to Expect Judge Torres could decide at any time. With the abeyance deadline set for August 15, the clock is ticking. If she gives the green light, the SEC and Ripple are expected to act swiftly, finalizing the deal and closing the books on a landmark crypto lawsuit. Despite widespread claims, the SEC has not dropped its appeal. It remains paused, pending Judge Torres’ decision. As Bill Morgan clearly explained, the only way this case ends is with her approval of the joint settlement. Until then, the legal uncertainty continues, but the finish line may finally be in sight. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post Ripple (XRP) vs SEC Case: Lawyer Discloses What Could Swiftly End the Appeal appeared first on Times Tabloid .