Recent days have brought new speculation regarding the court dispute between Ripple Labs and the SEC, with a possible ruling from Judge Analisa Torres expected soon.
SEC's Request for Extension
The SEC has filed a status update with the U.S. Court of Appeals for the Second Circuit requesting a 60-day extension to hold the appeal and cross-appeal in abeyance. This request follows a prior agreement aimed at resolving the long-standing lawsuit over the sale of XRP.
Potential Change in Court Decision
Attorney James K. Filan noted that the SEC's June 17 submission seeks to pause appellate proceedings while pending a motion under Federal Rule of Civil Procedure 60, which calls for a possible change or dissolution of parts of the previous final judgment.
Expectations for the Case and Next Steps
On June 12, Ripple and the SEC jointly filed to lift the injunction included in the court's Final Judgment and partially reduce the civil penalty. Analysts expect a decision from Judge Torres either this Thursday or possibly next week, with the next official update on the appeals process scheduled for August 15.
Thus, the Ripple vs. SEC case is nearing a potential resolution, with further steps dependent on the judge's ruling expected in the coming days.
