Ripple SEC Case Update: Appeals Delayed Until August in XRP Lawsuit

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Ripple vs SEC: The Never-Ending Saga of Legal Shenanigans! 😂

In the latest twist of this grand legal ballet, the U.S. Securities and Exchange Commission (SEC), that ever-watchful guardian of financial propriety, has decided to file a status report. This report, a veritable masterpiece of bureaucratic prose, requests the appeals court to hit the pause button on the appeals. Yes, dear reader, it seems the parties have reached a delightful agreement to resolve the XRP lawsuit—at least until the next plot twist! 🎭

Our intrepid lawyer, James K. Filan, took to the digital ether on June 17 to reveal that the SEC has asked the U.S. Court of Appeals for the Second Circuit to put the brakes on appeals. This request comes in light of a pending motion for an indicative ruling in the district court, which sounds far more exciting than it actually is. 🥱

Now, mark your calendars! The SEC will grace the 2nd Circuit with another status report by August 15, further prolonging this legal drama that has captivated audiences for far too long. Legal aficionados are eagerly awaiting Judge Analisa Torres’s verdict on whether to lift the injunction and reduce the penalty to a mere $50 million—pocket change in the grand scheme of things, right? 💸

#XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025.

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025

On June 12, Ripple and the SEC decided to renew their indicative ruling to dissolve the injunction in the Final Judgment. They aim to release $50 million from the hefty civil penalty of $125,035,150 currently lounging in the escrow account, with the remaining sum going to Ripple. Because who doesn’t love a good financial tug-of-war? 🤷‍♂️

The reasons for this settlement, as one might expect, include the SEC’s newfound flexibility in crypto policy and a desire to avoid further litigation—because who has the time for that? Rule 60, in all its glory, calls for such modifications in exceptional circumstances, and here we are, folks! 🎉

The timeline for resolving this riveting XRP lawsuit hinges on Judge Torres’s response to the new Indicative Ruling under Rule 60, according to legal sage Sherrie. She tantalizingly hinted, “Either we get an answer this Thursday or perhaps next week.” The suspense is palpable! ⏳

And let’s not forget, the resolution of this lawsuit could send XRP prices soaring and provide the SEC with the clarity it so desperately seeks to approve the XRP ETF, which is currently languishing in regulatory limbo. As of now, XRP is trading at $2.24, enjoying a delightful 4% increase in the last 24 hours. Who knew legal drama could be so profitable? 📈

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2025-06-17 07:33