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.
Request for New Indicative Ruling
Ripple has requested the court to continue pausing the ongoing appeal process, which is currently under review by the Second Circuit Court. The SEC has also been asked to provide a status update by August 15, 2025.
Expectations and Compromises
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 significant for future cases. The company emphasized that removing the 'obey the law' injunction would not alter its obligation to adhere to securities laws.
Changes in Digital Asset Regulation
Ripple also pointed out that the SEC is shifting its approach towards regulating digital assets by forming a new Crypto Task Force aimed at creating clear and fair rules for the industry. Ripple has taken an active role in this process by attending meetings and providing feedback.
Ripple's legal case has emerged as one of the most significant in the cryptocurrency regulation landscape, and the company hopes for the court's recognition of their negotiated settlement, alleviating the burden on the courts while holding Ripple accountable.
