Breaking: SEC & Ripple Urge Court to Halt Appeals as Pivotal Ruling Looms

The crypto legal showdown of 2025 just hit pause—but the stakes keep climbing.

In a strategic move that''s got the whole digital asset space holding its breath, both the SEC and Ripple have jointly requested the court to suspend appeals. Why? Because the judge''s upcoming indicative ruling could reshape crypto regulation for years to come.

This isn''t just legal maneuvering—it''s a high-stakes chess match where the outcome might finally give clarity to the ''is it a security?'' debate that''s been haunting every crypto project since Bitcoin was in diapers.

While the lawyers rack up billable hours, traders are already positioning—because nothing moves markets like regulatory uncertainty (except maybe a Elon Musk tweet). The irony? The same institutions crying for clarity are probably shorting XRP on the side.

Ripple vs. SEC: Appeals on Hold Amid Key Court Decision

Court documents showed that the request to pause the appeals was filed on June 16. This comes after both parties filed with the Manhattan District Court to lift the injunction.

The motion, submitted on June 12, addresses a prior rejection by District Judge Analisa Torres. That denial cited procedural deficiencies under Federal Rule of Civil Procedure 60(b). 

This requires “exceptional circumstances” to modify a final judgment. Notably, the updated filing now asserts such circumstances.

For now, the motion remains pending before Judge Torres. Attorney Fred Rispoli previously revealed that a decision from the Judge could likely come before the end of next week.

“In light of the foregoing, the parties are in agreement that this Court should continue to hold the appeals in abeyance.” the document read.

The outcome could have substantial implications. A failure to secure an indicative ruling WOULD mean Ripple must wait until 2026 for another opportunity to seek dismissal. 

Furthermore, the SEC has also proposed to file another status report by August 15, 2025, to update the Court on any further developments in the settlement process.

While the legal battle continues, its resolution could pull XRP out of its current legal limbo. Market watchers also believe this could potentially trigger a rally for the altcoin. BeInCrypto previously reported on XRP’s struggles to gain momentum despite bullish catalysts.

According to the latest data, XRP has lost 5.1% of its value over the past month. However, the lawsuit isn’t the only factor to blame. Broader macroeconomic conditions have also weighed heavily on the market. 

Despite this, a modest recovery was observed in the past day. BeInCrypto data showed that XRP ROSE 2.8%, trading at $2.2 at press time.