The SEC - Ripple case regarding XRP never seems to come to an end. Although the parties have reached an agreement in this long-running case, the official procedure is still ongoing.
At this point, a new development occurred in the SEC and Ripple case, and the parties requested the court to stay the appeal due to pending applications.
SEC and Ripple requested the district court to halt the appeals process and suspend the appeals, referring to an agreement made between them.
Defense attorney and former federal prosecutor James K. Filan stated in a post from his X account that the parties requested the court to continue suspending their appeals and that the SEC submit a status report by August 15, 2025.
#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025
Now, the SEC will submit another status report by August 15, and the long-standing case will be further delayed.
Because the parties are waiting for the approval of the agreement to lift the injunction in Judge Analisa Torrses' final decision, which includes the return of 50 million dollars of the penalty amounting to 125,035,150 dollars held in escrow to the SEC, and the remaining amount to Ripple.
As a reminder, Judge Torres rejected this agreement due to procedural issues. Subsequently, a rapid re-filing process was initiated.
At this point, experts and lawyers are expecting Judge Analisa Torres to make a decision regarding the agreement that includes the request to lift the injunction and reduce the penalty to 50 million dollars within a few days. The decision is expected on Thursday or next week.
Experts also indicated that there is a high likelihood of Torres approving the Ripple-SEC settlement, citing the strategic position of the filing and the mutual agreement between the parties as justification.
As a result, it is predicted that the expected conclusion of the case could lead to an increase in the XRP price and accelerate the approval of the XRP ETF that is currently pending before the SEC.
*It is not investment advice.
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SEC - New Development in Ripple Case: Now Waiting for August 15 for XRP!
The SEC - Ripple case regarding XRP never seems to come to an end. Although the parties have reached an agreement in this long-running case, the official procedure is still ongoing.
At this point, a new development occurred in the SEC and Ripple case, and the parties requested the court to stay the appeal due to pending applications.
SEC and Ripple requested the district court to halt the appeals process and suspend the appeals, referring to an agreement made between them.
Defense attorney and former federal prosecutor James K. Filan stated in a post from his X account that the parties requested the court to continue suspending their appeals and that the SEC submit a status report by August 15, 2025.
Now, the SEC will submit another status report by August 15, and the long-standing case will be further delayed.
Because the parties are waiting for the approval of the agreement to lift the injunction in Judge Analisa Torrses' final decision, which includes the return of 50 million dollars of the penalty amounting to 125,035,150 dollars held in escrow to the SEC, and the remaining amount to Ripple.
As a reminder, Judge Torres rejected this agreement due to procedural issues. Subsequently, a rapid re-filing process was initiated.
At this point, experts and lawyers are expecting Judge Analisa Torres to make a decision regarding the agreement that includes the request to lift the injunction and reduce the penalty to 50 million dollars within a few days. The decision is expected on Thursday or next week.
Experts also indicated that there is a high likelihood of Torres approving the Ripple-SEC settlement, citing the strategic position of the filing and the mutual agreement between the parties as justification.
As a result, it is predicted that the expected conclusion of the case could lead to an increase in the XRP price and accelerate the approval of the XRP ETF that is currently pending before the SEC.
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!