Judge Torres’ Verdict on Ripple’s $125M Deal Could End SEC Lawsuit

Judge Analisa Torres is expected to rule soon on the joint motion filed by Ripple Labs and the SEC to end their long running legal battle.

Written by: Arslan Butt • Friday, June 13, 2025 • 2 min read

• Last updated: Friday, June 13, 2025

Quick overview

Judge Analisa Torres is expected to rule soon on the joint motion filed by Ripple Labs and the SEC to end their legal battle.
If approved, the motion would release $125 million held in escrow, with $50 million going to the SEC and $75 million returning to Ripple.
XRP lawyer Bill Morgan believes the judge will approve the motion despite her dissatisfaction with its content.
The outcome of this joint motion is crucial for both parties to move forward and could set a precedent for resolving crypto-related legal disputes.

Judge Analisa Torres is expected to rule soon on the joint motion filed by Ripple Labs and the SEC to end their long running legal battle. On June 12 both parties asked the Manhattan District Court to lift the injunction and release $125 million held in escrow. If approved $50 million would go to the SEC and $75 million would go back to Ripple. This would resolve all appeals and bring finality to one of the most high profile cases in the crypto space.

XRP lawyer Bill Morgan who is closely following the case thinks the judge will approve the motion despite being unhappy with the content. In a recent post Morgan said “It doesn’t get better the more you read it. I just have a feeling she’s going to grant the motion anyway.”

Why the Joint Motion Matters

According to Morgan the outcome of this joint motion is key to the final settlement. He says the request for “relief from judgment” is not just procedural it’s essential for both parties to move forward with the agreement. Citing legal precedents Morgan noted that courts can modify judgments in “extraordinary circumstances” to facilitate settlements and prevent further litigation.

Total Penalty: $125 million
SEC Share: $50 million
Funds Returning to Ripple: $75 million
Filing Date: June 12, 2025
Expected Ruling: Within weeks

Morgan warned if the judge denies the motion the existing settlement will collapse. That would mean Ripple and the SEC would have to continue their appeal and cross-appeal process and drag the case out even longer. “If the motion isn’t approved then there’s no settlement” Morgan said.

Settlement Hinges on Judge’s Decision

Many influencers have already declared the case is closed but Morgan is urging caution. The joint motion is the critical juncture. Without court approval Ripple’s legal uncertainty continues and could impact XRP’s market and broader crypto regulation.

The motion being approved would not only be a turning point in this case but also set a precedent for how crypto related legal disputes can be resolved through cooperation. Investors, stakeholders and the entire crypto community are now waiting for Judge Torres’ next move.

Her decision will determine if this $125 million settlement is the final conclusion or just another step in a long battle.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.