The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be entering a new phase. On June 9, 2025, the SEC is scheduled to host a roundtable on cryptocurrency regulation — and while XRP is not explicitly on the agenda, the Ripple case could take center stage again.

Regulatory Shift or Just Another Meeting?

Several key figures, including SEC Commissioners Caroline Crenshaw, Mark Uyeda, and Hester Peirce, as well as Chair Paul Atkins, are expected to speak. The timing is significant: Ripple’s case has already shaped crypto regulation in the U.S., and the SEC’s recent retreats in high-profile lawsuits against Coinbase and Binance suggest a softer stance may be forming.

Yet not everyone inside the SEC agrees. Commissioner Crenshaw has vocally opposed the SEC’s current direction, especially the proposed settlement with Ripple. Her May dissent described the agency’s approach as a “disservice to the investing public”, raising doubts about whether this upcoming meeting signals progress — or confusion.

The Legal Tug-of-War Continues

Although a previous motion for an indicative ruling was denied by Judge Analisa Torres, the SEC has submitted another request. Meanwhile, the Court of Appeals has paused proceedings to allow for further settlement talks. The outcome of these discussions — and how the SEC presents its position on June 9 — could impact XRP’s regulatory clarity and broader DeFi compliance standards.

If the roundtable introduces new frameworks or signals a shift in enforcement priorities, Ripple’s business model — and XRP’s legal status — could be directly affected. Any resulting decisions might influence how institutions adopt XRP or distance themselves from it.

What This Means for XRP Holders

For XRP investors, the message is mixed. On one hand, Ripple’s growing list of legal wins and the SEC’s pullback on aggressive enforcement may support long-term optimism. On the other, regulatory ambiguity persists, and any changes to how DeFi is governed could create short-term headwinds.

In short: June 9 might not bring a decisive resolution, but it could provide critical signals about the SEC’s crypto direction — and by extension, XRP’s future path.

This article does not constitute investment advice. Always do your own research before making financial decisions.