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SEC, Ripple Request Extended 60-Day Pause in Appeal to Pursue Settlement: What’s Next for XRP?

A news report on the price of XRP rallying due to growing optimism over a potential settlement in its lawsuit with the SEC.

  • Ripple and the SEC have jointly asked the court to pause appeal proceedings until August 15, 2025.
  • The delay allows Judge Torres to rule on a motion to modify Ripple’s penalty and injunction.
  • A favorable ruling could lead to a final settlement and withdrawal of both parties’ appeals.

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have filed a joint request to extend the pause on their appeal proceedings until August 15. The move comes as both parties await a critical ruling from the district court on their renewed attempt to modify the final judgment and finalize a settlement in their multi-year legal battle.

The filing, made just before the June 16 deadline, signals a temporary hold in the appeals process and raises hopes for a final resolution to the XRP lawsuit.

Settlement Talks Prompt Appeal Delay

This marks the second time Ripple and the SEC have jointly asked the U.S. Court of Appeals for the Second Circuit to put the case on hold. In April, they received an initial 60-day pause while they sought a district court ruling that would allow them to amend an earlier judgment. 

Related: Ripple and SEC Pause Appeal, Wait For Key…

The post SEC, Ripple Request Extended 60-Day Pause in Appeal to Pursue Settlement: What’s Next for XRP? appeared first on Coin Edition.

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