Ripple and SEC continue their legal battles, requesting the court to pause the appeal in anticipation of a ruling on fund redistribution.
Request to Pause Appeal
Ripple and the SEC jointly filed a request with the U.S. Court of Appeals for the Second Circuit to pause the ongoing appeal. This update follows a post by defense lawyer James K. Filan, who noted that both parties are awaiting the outcome of a motion for an indicative ruling from the district court.
Ripple and SEC Settlement Terms
Under the proposed terms, the SEC is seeking a $50 million penalty from the seized funds, while the remaining amount would be returned to Ripple. If Judge Torres agrees to modify the final judgment, the parties intend to dismiss the appeal entirely.
XRP Market Analysis and ETF Expectations
Despite the delays in the legal process, investor interest in XRP remains high. Derivatives data shows that open interest in XRP has recently surpassed $4 billion. Analysts are also watching for updates on spot XRP ETF applications from companies like Grayscale and ProShares, with current approval odds approaching 88%.
The legal uncertainties surrounding Ripple and the SEC continue to influence the XRP market, maintaining participant activity amid ongoing unpredictability.
