In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have requested the Second Circuit Court to pause the appeals process while awaiting a district court decision.
SEC Financial Report
In a filing dated June 16, 2025, the SEC requested to keep the appeals on hold until at least August 15, 2025, when they will provide another update. This decision comes amid ongoing negotiations between Ripple and the SEC regarding a potential settlement that could significantly impact the outcome of the case.
Terms of Agreement between Ripple and SEC
Earlier this year, both sides reached an agreement in principle to settle the case, which requires district court approval to modify the final judgement. Under the proposed deal, Ripple would pay a reduced penalty of $50 million down from $125 million, with the remaining funds returned to the company. The SEC would also agree to lift the injunction against Ripple.
XRP Price Dynamics
In light of the potential settlement news, XRP price surged by 7% to hit a high of $2.34, but then retraced to the current price of $2.23.
The ongoing battle between Ripple and the SEC continues, with future developments hinging on the district court's ruling regarding the proposed settlement. Such events could have significant implications for the cryptocurrency market.
