XRP News Today: Ripple-SEC Legal Battle Paused Until August 15 2025

The legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken another significant turn. The SEC has filed a status report requesting the appeals court to hold the appeals, following an earlier agreement between the parties to resolve the XRP lawsuit. This development was revealed by lawyer James K. Filan, who posted on June 17 that the SEC has asked the U.S. Court of Appeals for the Second Circuit to pause the appeals process. This request comes in light of the pending motion for an indicative ruling in the district court.

The delay in the appeals process means that the SEC will file another status report in the 2nd Circuit by August 15, 2025. This further postpones the resolution of the long-running lawsuit. Lawyers involved in the case had anticipated a response from Judge Analisa Torres within a few days regarding the parties’ request to lift the injunction and reduce the penalty to $50 million. However, this delay indicates that the legal proceedings will continue to unfold over the coming months.

On June 12, Ripple and the SEC renewed their indicative ruling to dissolve the injunction in the Final Judgment. This ruling aims to release $50 million from the $125,035,150 civil penalty held in the escrow account to the SEC, with the remaining amount to be returned to Ripple. The settlement, the SEC’s shift in crypto policy, and a desire to avoid further litigation were cited as reasons to modify the final judgment under Rule 60, which allows for such modifications in exceptional circumstances.

The timeline for the resolution of the XRP lawsuit now hinges on how Judge Torres responds to the new Indicative Ruling under Rule 60. Legal expert Sherrie noted that the resolution could come as early as the following week, depending on the judge's decision. The outcome of this case is crucial as it could bring clarity to the regulatory status of XRP and potentially pave the way for an XRP ETF, which is currently pending before the regulator.

The legal battle between Ripple and the SEC has significant implications for the cryptocurrency market. The classification of XRP as a security or not will set a precedent for how other cryptocurrencies are regulated in the United States. Ripple has been advocating for a more favorable regulatory environment, arguing that XRP should not be subject to the same securities laws as traditional stocks and bonds. The SEC, however, maintains that XRP meets the criteria for a security and should be regulated accordingly.

The ongoing negotiations between Ripple and the SEC highlight their efforts to reach a resolution that satisfies both parties. The joint motion to extend the pause on the appeals process and the request to lift the XRP sales ban to institutions and reduce the fine demonstrate the complex legal landscape they are navigating. The cryptocurrency community remains divided on the potential outcome of the case, with some analysts predicting a significant price increase for XRP if Ripple prevails, while others remain cautious due to the ongoing regulatory uncertainty.

Regardless of the outcome, the Ripple-SEC legal battle is likely to have a lasting impact on the cryptocurrency industry and its regulatory framework. The case underscores the need for clear and consistent regulations in the rapidly evolving world of digital assets. As the legal proceedings continue, the cryptocurrency community will be closely watching for any developments that could shape the future of the industry.