XRP News Today: Ripple SEC ETF Decision Delayed Until July 22 Amid Legal Uncertainty

Generated by AI AgentCoin World
Wednesday, Jun 18, 2025 7:43 am ET1min read
XRP
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The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the XRP ETF application until July 22, as the settlement between Ripple and the SEC awaits court approval. This delay comes as both parties work towards getting a revised settlement agreement approved by the court, highlighting the ongoing regulatory uncertainty surrounding crypto ETFs and the complex legal proceedings involving XRP.

On June 16, the SEC and Ripple jointly notified the U.S. Court of Appeals for the Second Circuit of their intention to pause appeal proceedings. Both parties agreed to wait for a district court ruling on their renewed motion to modify the final judgment. This motion seeks approval for a $50 million payout by Ripple, with the remaining $75 million from the civil penalty returned to the company. The original settlement, approved internally by the SEC on May 8, was rejected by the district court on May 15 due to the lack of “exceptional circumstances” under Rule 60(b).

Ripple and the SEC renewed their motion on June 12 with strengthened legal arguments. If the court agrees to the request, both parties plan to request a limited remand to finalize the changes and then withdraw their respective appeal and cross-appeal. Until then, both parties have agreed to keep the appellate proceedings on hold. The next status update to the court is due by August 15, 2025.

Beyond the legal drama, the future of XRP’s ETF remains uncertain. The SEC has received applications from several asset managers, including Bitwise,

ProShares
, and 21Shares, seeking to list ETFs tied to XRP and Solana (SOL). The regulatory stance on crypto has shifted under the current administration, with the new SEC Chair dropping several major enforcement actions and the President hinting at including XRP and SOL in a national crypto stockpile plan. However, regulatory clarity remains elusive, and the market awaits not just ETF approvals but also the final resolution of Ripple’s settlement. The July 22 ETF deadline and the August 15 court update will be pivotal for XRP’s market trajectory.