In the latest update on the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Ripple has filed a new letter in support of a joint motion asking the court for an indicative ruling.
New Steps by Ripple and SEC
Ripple and the SEC have requested that the Second Circuit Court continue to pause the ongoing appeal process. The SEC has been asked to provide a status update by August 15, 2025.
Significance of the Current Legal Proceedings
In its letter to Judge Analisa Torres, Ripple explained that neither side is asking the court to change its earlier Summary Judgment decision, which remains important for future cases. The company emphasized that removing the 'obey the law' injunction would not change its responsibility to follow securities laws.
Changes in SEC's Approach to Digital Asset Regulation
Ripple pointed out that SEC is shifting its approach towards regulating digital assets, including dropping other crypto-related cases and creating a new Crypto Task Force aimed at establishing clear and fair rules for the industry.
Ripple's case remains one of the most closely watched in the cryptocurrency industry, and the company is seeking the court's acknowledgment of the negotiated settlement, which would relieve court burdens while ensuring Ripple's accountability.
