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In My Words: XRP Lawsuit Takes a Turn — Appeals Paused, Major Decision Due by August 15

The Ripple vs. SEC case just took a significant turn — and as someone closely watching the XRP space, here’s what you need to know in plain terms.

📌 Here’s the big update:

On June 16, 2025, Ripple and the U.S. Securities and Exchange Commission (SEC) filed a joint request asking the Second Circuit Court to keep the appeal process on hold. Why? Because both parties are waiting for the district court to weigh in on a possible settlement deal that could completely shift the direction of this long-running legal battle.

📝 So what’s really going on?

Earlier this year, Ripple and the SEC reached a settlement in principle:

Ripple would pay $50 million (reduced from $125 million)
SEC would remove the injunction against Ripple
The remaining funds would be returned to Ripple

But in May, the court rejected the motion, saying it didn’t explain why the case deserved an exception to standard procedures.

Now, both sides have come back with a new motion (filed June 12), this time with more detailed reasons, asking for an indicative ruling from the district court.

⏳ What’s next?

The SEC will file a status report by August 15, and until then, both parties have agreed to pause the appeal process.

📈 Meanwhile, XRP’s Price Reacts

Following the update, XRP pumped 7%, hitting $2.34 before retracing to $2.23. The market clearly sees potential in a positive resolution.

🔎 My Take: This isn't just another delay — it's a quiet signal that something big is brewing behind closed doors. If the court approves this new motion, we could be looking at the final chapter of the Ripple-SEC saga. Until then, all eyes on August 15.

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