🚨 Breaking News: Ripple and SEC Pause Appeals in XRP Lawsuit, Await Game-Changing Court Ruling 🚨
Ripple and the U.S. SEC have filed a joint status report with the Second Circuit Court, agreeing to pause their appeals in the ongoing XRP lawsuit. This move, made just before the June 16 deadline, reflects a rare moment of cooperation.
Both parties seek to delay further legal steps until August 15, 2025, while awaiting a separate ruling that could redefine what qualifies as a security under U.S. law—potentially affecting the entire crypto industry.
Here’s a quick breakdown:
📝 Joint status report filed to pause appeals in the XRP case until August 15, 2025.
⚖️ Both parties await a major court ruling (possibly from the Binance case) that could reshape U.S. crypto law.
💼 Ripple and SEC filed a June 12 motion to dissolve an injunction and release $125M in escrow funds.
💸 Under the proposed deal, the SEC would receive $50M, with the remaining $75M returned to Ripple.
🧠 Legal experts say the pause is a strategic move to avoid outdated legal arguments.
⏳ Settlement timeline remains uncertain, as everything hinges on the district court’s upcoming decision.
📅 Next key update expected August 15, 2025, which could clarify the future of XRP and broader crypto regulation.
📉 What this means for XRP Price?
🧠The legal pause adds short-term uncertainty to XRP’s price trajectory. While some investors may see the delay as a setback, others view it as a smart strategic move that could strengthen Ripple’s position long-term.
🚀 If the court eventually approves the proposed settlement and future rulings favor crypto, XRP could see a significant price boost. Until then, expect continued volatility driven by legal developments and broader market sentiment.