XRP Lawsuit Not Settled, Declares Ex-SEC Attorney

There’s a lot of buzz in the crypto world right now about XRP. Many people online are speculating that the U.S. Securities and Exchange Commission (SEC) might soon approve several XRP spot ETF applications. Big companies like Bitwise, Grayscale, Franklin Templeton, and 21Shares have already submitted their applications, and some important decision dates are coming up soon.

The first major date to watch is June 17, 2025, when the SEC is expected to make a decision on Franklin Templeton’s spot XRP ETF application. Other decisions are also lined up — Grayscale’s deadline was May 21, 2025 and Bitwise is waiting for a decision on May 25, 2025. The crypto community is keeping a close eye on these dates because if any of these get approved, it could give a big push to XRP’s price and popularity.

At the same time, another rumor is doing the rounds. Some people believe that the SEC and Ripple have already quietly settled their long-running legal battle, and they’re just waiting for the judge to approve it. But former SEC attorney Marc Fagel has cleared things up. He said that the judge actually rejected the request from both Ripple and the SEC.

According to Fagel, while both sides may have agreed on a deal, it’s not official yet. The court wants them to explain why it should change the decision it had already made. He added, “It’s not actually settled. The parties may have entered an agreement, but implementing the settlement requires court action. And the court indicated it would not simply do what the parties asked without further briefing.”

In short — both the XRP ETF decisions and the Ripple lawsuit situation are still up in the air. Crypto fans will need to stay tuned for the official updates in the coming weeks.