🚨 Ripple Vs. SEC: Is This The End? 🤔

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Trending: While Bitcoin continues to make big moves, Ripple (XRP) and the SEC were almost a court order away from closing their 5-year-long legal battle. However, Judge Torres intervened and rejected Ripple’s appeal.

More in WhaleTales this week:

• Ripple Ends Cross-Appeal: Is the Legal Ceasefire Finally Here?

• Trump Says Bitcoin Lightens Pressure Off the U.S. Dollar

• Trump’s “Big, Beautiful Bill” Sparks Debate

• Bitcoin Rallies: All Eyes on $115K By July

• Block3 Revolutionizes Gaming with AI Gaming Engine

To get the latest updates, subscribe to WhaleTales today.

“We are closing the chapter once and for all,” wrote Ripple CEO Brad Garlinghouse on his X post on Friday. Is the 5-year-long legal battle between Ripple (XRP) and the SEC finally coming to an end?

The Details:

On Saturday, June 27, Brad Garlinghouse took to his X account and said that “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said.”

The SEC vs. Ripple case took a major turn following Judge Analisa Torres’s rejection of the joint request by Ripple and the U.S. Securities and Exchange Commission, the latest attempt to settle the dispute. Torres denied the joint request to dismiss Ripple’s permanent injunction, reduce the penalty to $50 million, and remove restrictions on XRP’s institutional sales, claiming that it was “legally flawed” and “contrary to public interests”.

Read More: Why Did Judge Deny Ripple and SEC Motion in XRP Case? Lawyer Offers 2 Reasons.

The SEC vs. Ripple Case

In December 2020, the SEC sued Ripple over $1.3 billion on the grounds of unregistered XRP sales. Judge Torres fined Ripple $125 million in 2023. Both Ripple and the SEC filed appeals on separate grounds. In May 2025, Ripple and the SEC jointly proposed to decrease the fine to $50 million and lift the ban, which was later denied by Judge Torres.

What Next?

Following Torres’s rule, Ripple’s Chief Legal Officer, Stuart Alderoty, said on X: “the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned.”

Shortly after Torres denied the motion and the news broke, XRP prices spiked within hours, showing a bullish trend and renewed investor trust. XRP surged 0.93% on Sunday, June 29.

If the SEC chooses to withdraw the case, Judge Torres’s previous ruling will be considered final.

Also Read: XRP eyes 763% surge as analysts predict $19 minimum target in current cycle — Should you invest?

On June 27, U.S. President Donald Trump, in his latest White House speech, voiced his firm support for Bitcoin, calling it “amazing” and how the payment medium can “take a lot of pressure off the dollar.”

In-depth:

Bitcoin Can Relieve Dollar Pressure

In his speech, Trump highlighted that Bitcoin, as a part of the “crypto industry,” and that Bitcoin prices and other crypto prices have been more stable than equities, considering the current economic downturn. He further claimed that digital currencies like Bitcoin can create a “powerful industry” offering more jobs and investment opportunities. He emphasized that if the U.S. does not reclaim its leadership in digital assets, China will.  

The Triffin Dilemma

According to digital asset researcher Anders X, Trump’s comments on Bitcoin were a reference to the “Triffin Dilemma.” Anders implies that Bitcoin is the issuer of the global reserve currency, and to maintain continued trade balances and to preserve the long-term value of the Dollar, it may face global liquidity concerns and undermine the dollar value. Bitcoin as an alternative payment solution is gradually gaining momentum in the global market and can take away the dollar burden and provide a hedge against the financial risks of traditional assets.

Now Read This: Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt. 

Trump’s “Big, Beautiful Bill” Sparks Debate

On Monday, Trump’s 940-page mega tax and budget bill received a 51-49 vote from the U.S. Senate to open debate. While Elon Musk described the bill as “utterly insane,” the nonpartisan Congressional Budget Office (CBO) has stated that the proposed bill could add $3.3 trillion to the U.S. debt over the next decade, and around 11.8 million Americans could remain uninsured by 2034.

Read More Here: Senate Republicans advance Trump's 'Big Beautiful Bill' but final vote hangs in balance.

Bitcoin Rallies: All Eyes on $115K By July

Bitcoin prices have consolidated between $107,000 and $108,000 resistance level. Bitcoin analysts predict a strong bullish momentum triggered by strong institutional buys and ETF inflows could push Bitcoin prices to as high as $115,000 by July.

Read Here: Bitcoin price rally to $115K possible as US economic data exceeds expectations.

Block3 Revolutionizes Gaming with AI Gaming Engine

Block3, a pioneering name in the generative AI gaming industry, is all set to introduce its innovative AI-integrated gaming engine by using its Trinity model that could convert simple text prompts into immersive and playable gaming worlds within seconds. The BL3 token is the platform’s utility token and could be used for revenue distribution, purchase of in-game assets, fee payment, etc.

Read More: Block3 aims to redefine game development with AI-powered engine. 

What is DePINs in Crypto?

DePINs, or “Decentralized Physical Infrastructure Networks,” are blockchain-based networks that connect with people and real-world physical infrastructure like transport, energy grids, wireless networks, etc. DePINs, unlike traditional systems, are run by decentralized communities and incentivize contributors with digital tokens. DePINs are open networks where anyone can provide services.

Cryptocurrency prices on 2nd July according to CoinMarketCap.

• Trump Blames Biden for Banks Blocking Crypto: 'There Is a Lot of Debanking.' Decrypt

• Metaplanet surpasses Cleanspark with $108M Bitcoin buy. Cointelegraph

• Pi Network Unveils Major Upgrades During Pi2Day Celebration. CryptoWeekly

• Bank of Korea pauses CBDC project as local stablecoin adoption picks up speed: report. The Block

That’s it for this week guys. Before you go, do not forget to sign up with WhaleTales newsletter. See ya all next week. 🗞️😇

Disclaimer: The information provided in this newsletter is educational and not intended for any investment or financial advice.