Ripple and SEC have jointly filed a motion regarding their appeals, pending crucial court decisions.
Ripple and SEC Joint Motion
Ripple and the SEC have jointly filed a motion to extend the appeals deadline to August 15, 2025, while awaiting Judge Torres’ ruling on significant issues, including potential modifications to the injunction and a proposed reduction of penalties from $125M to $50M. The progression of the case depends on these pending district court decisions.
Step Towards Resolution
According to pro-XRP lawyer and crypto analyst Bill Morgan, the two sides have already signed a settlement agreement. Ripple signed on April 23, and the SEC followed on May 8. They are now going through the final legal steps to make it official.
Court Approval Process
After the initial settlement was signed, Ripple and the SEC agreed to pause their appeal processes. They filed a motion to pause everything, receiving a 60-day delay from the court starting April 16. On May 8, they submitted a new joint motion addressing previous issues, seeking Judge Torres’ approval for the changes.
This update indicates that both Ripple and the SEC are aligned in seeking a quick resolution to their ongoing case. Judge Torres’ decision will significantly impact the future of this legal proceeding.
