Ripple and SEC request delay in XRP lawsuit appeals while awaiting court decision.
Settlement negotiations involve reduced penalty and potential injunction lift for Ripple.
XRP price rises 2.60%, with market cap at $132.05 billion and trading volume surge.
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has entered a crucial waiting period. Both parties have filed a joint status report requesting a delay in the formal appeals process as they await a key decision from the district court on a revised settlement agreement.
The filing, made just before the June 16 deadline, signals a temporary pause in the high-stakes legal saga. It also raises hopes that a final resolution to the multi-year XRP lawsuit could be on the horizon
Translation: The @SECGov and @Ripple have filed a status report with the Second Circuit and are asking it to keep a pause on the appeals while waiting on a decision from the district court. https://t.co/YEeEjlt5yX
— Eleanor Terrett (@EleanorTerrett) June 17, 2025
All Eyes on District Court for Ruling on a Revised Settlement
Ripple and the SEC submitted a joint request to the Second Circu…
The post Ripple and SEC Pause Appeal, Wait For Key Ruling on a New Settlement Deal appeared first on Coin Edition.
