The XRP case between SEC and Ripple has no end in sight. Although the parties have reached an agreement in the case that has been going on for many years, the official procedure is still ongoing.
At this point, there was a new development in the SEC and Ripple case, and the parties asked the court to stop the appeal due to pending applications.
The SEC and Ripple requested the district court to stay the appeals process and not suspend the appeals, citing an agreement between them.
Defense attorney and former federal prosecutor James K. Filan said in a post on his X account that the parties are requesting the court to continue to suspend appeals and for the SEC to 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.https://t.co/7oQvL5Rx7U
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025
Now, the SEC will file another status report by August 15, further delaying the long-running case.
The parties are awaiting approval of the agreement by Judge Analisa Torres, which includes lifting the preliminary injunction in her final decision and returning $50 million of the $125,035,150 penalty amount held in the escrow account to the SEC and the remaining amount to Ripple.
It will be recalled that Judge Torres rejected this agreement due to procedural issues, and a rapid refiling process was subsequently initiated.
At this point, experts and lawyers expect Judge Analisa Torres to rule within days on the agreement, which includes the parties’ request to lift the injunction and reduce the penalty to $50 million. The decision is expected on Thursday or next week.
Experts also noted that Torres is likely to approve the Ripple-SEC deal, citing the strategic location of the filing and the mutual agreement between the parties.
As a result, it is speculated that the expected conclusion of the case in particular could lead to a rise in the XRP price and accelerate the approval of the XRP ETF currently pending before the SEC.
*This is not investment advice.