- Ripple and the SEC have jointly requested an additional 60-day pause on their appeal as they await a key decision from Judge Torres on their refiled motion for an indicative ruling, which could lead to a final settlement reducing Ripple’s penalty.
- The court is expected to provide the next update by August 15, 2025, keeping the crypto community hopeful for a resolution soon.
Joint Request Seeks More Time Amid Motion for Indicative Ruling in XRP Case
The long-running legal battle between XRP and the U.S. Securities and Exchange Commission (SEC) has hit another pause, as both parties ask the court to extend the freeze on their appeal for another 60 days. This development keeps the crypto world on edge as investors anticipate a potential final settlement.
Ripple and SEC Request More Time
After an initial 60-day pause that ended on June 16, 2025, the SEC filed a new status report with the U.S. Court of Appeals for the Second Circuit, requesting the appeals remain on hold until August 15, 2025. This move comes as both XRP and the SEC await a key decision from U.S. District Judge Analisa Torres regarding a refiled motion for an indicative ruling.
What’s Behind the Delay?
Back in April, both sides disclosed an in-principle agreement to resolve the ongoing litigation. The proposed deal would see the court vacate the permanent injunction on Ripple’s institutional XRP sales and reduce the penalty from $125 million to $50 million.
However, a previous motion for an indicative ruling on this agreement was denied in May. Judge Torres cited procedural issues and emphasized that changes to a final judgment require “exceptional circumstances”—a standard the parties initially failed to meet.
Undeterred, Ripple and the SEC refiled the motion last week, this time clearly outlining the extraordinary nature of the situation.
Awaiting Judge Torres’ Decision
Judge Torres has not yet issued a ruling on the refiled motion, but based on her past timeline, a decision may arrive later this week.If Judge Torres approves the motion, she could briefly remand the case to her court to finalize the settlement terms.
That would pave the way for both parties to withdraw their appeals—potentially bringing the years-long SEC vs. Ripple legal drama to a close.
Until then, the crypto community will be watching closely, especially as the August 15 deadline for the next update approaches. Whether this extension is the calm before resolution or another chapter in the saga remains to be seen.
