In recent developments, Ripple has submitted a supplemental letter supporting its motion for an indicative ruling, drawing renewed attention to the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC).
Update on Settlement Process
Ripple has renewed its efforts to advance the settlement process that has progressed through key procedural steps. The SEC's recent move to extend the abeyance period for appeals has added tension to the situation. A status report from the SEC is expected by August 15, 2025.
What’s Next for Ripple?
Once an indicative ruling is obtained, both parties will file a motion with the Court of Appeals for a limited remand to seek relief agreed upon by Judge Torres. If successful, Ripple will pay $50 million to the SEC, while $75 million will be returned to the company.
Expert Opinions
Bill Morgan, an XRP enthusiast and legal expert, called Ripple's new filing a 'good move.' He believes that Judge Torres' decision on the joint motion for an indicative ruling could be issued soon, potentially progressing the case further.
As the legal dispute between Ripple and SEC unfolds, market observers await final decisions that could significantly impact the company's future and the broader cryptocurrency industry.
