On August 26, 2025, the SEC filed a status report with the U.S. Court of Appeals regarding the case against Ripple Labs and associated defendants.
Content of Status Report
The status report, dated August 15, 2025, indicates that the parties have filed a joint stipulation of dismissal for both the SEC's and Ripple's appeals. The stipulation is currently pending approval by the court.
The document references prior court orders from April 16 and June 16, 2025, which required updates on the matter. The SEC's filing confirms that both sides have agreed to dismiss their respective appeals, with each party responsible for its own legal fees.
Reasons for Filing
A community member identified as Sherrie provided further context to Filan's update, explaining that the status report was filed because the Court of Appeals has not yet approved the joint stipulation of dismissal. She attributed the delay in approval to the summer period, suggesting slower procedural timelines.
Approval Process
Sherrie also clarified that the approval of the joint stipulation is a procedural formality that needs to be granted by the Court of Appeals, not Judge Analisa Torres, who presided over the case. Once approved, the stipulation will formally end both the SEC's appeal and Ripple's cross-appeal, concluding this phase of the litigation.
The status filing and agreement between the parties suggest that the conclusion of the appeals process now depends solely on the administrative completion of this approval step by the Court of Appeals.
