Ripple and SEC Pursue Court Signal Toward Settlement

In a new development in the prolonged legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has filed a letter supporting a joint request for an indicative ruling from the court. The move signals that both parties are seeking judicial guidance on whether they can proceed with a settlement while preserving the original court decision.

Ripple Reaffirms Commitment to Compliance

In the letter, Ripple clarified that it is not asking the court to revise its earlier judgment. Instead, the company is requesting the removal of a specific provision that mandates it to “obey the law”—a phrase Ripple views as unnecessary. The firm stressed that, regardless of the clause’s removal, it remains fully committed to following securities laws, just as any other market participant would. According to Ripple, eliminating the phrase does not weaken its legal responsibilities, and all applicable regulations would continue to apply.

Expert Doubts the Filing’s Substance

Not all legal observers are convinced the new letter meaningfully advances the case. Marc Fagel, a former SEC attorney, suggested the filing appears to be more of a public reassurance than a substantive legal argument. He noted that it may have been prompted by skepticism circulating on social media among crypto-focused legal commentators, rather than offering new material for the court to consider.

XRP Reacts to Continued Legal Uncertainty

Meanwhile, XRP’s price has been under pressure amid the ongoing legal drama. After touching a daily high of $2.31, the token fell by more than 7%, now hovering around $2.15. The market move marks the fifth failed attempt since May 29 to break through the $2.27–$2.30 resistance level, with the most recent rejection occurring on June 16. The pattern underscores growing frustration among bullish traders.

All Eyes on the Judge

As Ripple and the SEC express openness to resolution, the focus now turns to the court’s response. Market participants and the broader crypto community await the judge’s signal—one that could finally open the door to settling a case that has shaped regulatory discourse in the digital asset space for years.