The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has hit another pause. Both parties have asked the U.S. Court of Appeals to delay the proceedings until August 15, 2025.
Reasons for Delay Until August 15
The main reason for the delay is that Ripple and the SEC are trying to finalize a settlement. Earlier this year, in April, both parties indicated that they were attempting to reach a final deal and requested the court for an 'indicative ruling' to assist in moving the process forward. The plans involve modifying a previous ruling — specifically, lifting the permanent injunction against Ripple and reducing the penalty from $125 million to $50 million.
Second Attempt — Waiting
Not willing to give up, Ripple and the SEC filed a new motion on June 12, asking the court to dissolve the injunction against Ripple and to adjust the penalty distribution. Meanwhile, this new motion is still pending, and Judge Analisa Torres has yet to make a ruling. The SEC also filed a new status report with the appellate court, requesting that the case remain on hold while awaiting the judge's response by August 15.
What’s Next for XRP?
If the settlement is approved, this could lift restrictions on Ripple and potentially boost the price of XRP. Legal experts believe that this pause is a strategic move to avoid costly and lengthy litigation. Currently, XRP is trading around $2.21, reflecting a slight increase seen in the last 24 hours, with a market cap reaching $130.5 billion.
Thus, the delay in the Ripple and SEC legal proceedings at this point is linked to the efforts of both parties to reach a compromise, which could affect the future of XRP.
