SEC and Ripple Request Court to Suspend Appeal Process

According to PANews, the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly submitted a status report to the Second Circuit Court of Appeals, requesting a suspension of the current appeal process. This request is based on ongoing discussions of the district court related to the motions for summary judgment. Both parties have agreed that the SEC will provide the next status update on August 15, 2025.