"Ripple·SEC lawsuit: SEC’s report on the 16th is key—no court ruling for now"

The lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) is approaching a turning point with the release of an interim report slated for the 16th. Some speculate that the focus of this issue lies not with a court judgment, but with the SEC's report.

According to Coinpedia, a crypto-specialized media outlet, on the 12th (local time), Marc Fagel, former chief attorney at the SEC, stated, “(For now) there are no current matters for Judge Torres to rule on,” adding that, “Judge Torres ruled that Ripple’s sales of XRP to institutional investors violated securities laws, and a fine of $125,000,000 was imposed accordingly.” He added, “The ball is now in the court of the SEC and Ripple, not the judge.”

Previously, on April 16, Ripple and the SEC entered a 60-day negotiation stay authorized by the court. During this period, both parties are reportedly discussing terms such as withdrawing appeals and lowering the fine to around $50,000,000. However, no final agreement has yet been reached.

The outlet added, “Currently, the market’s attention is focused on the interim report the SEC will submit to the court on the 16th,” and “The report will likely determine whether the two sides are moving toward a settlement or heading back to litigation.”