Ripple vs SEC Showdown: Deadline Passes, Appeals Halted – Next Big Update Drops August 15

The courtroom battle between Ripple and the SEC just hit a critical juncture—deadlines expired, appeals got shelved, and now the crypto world holds its breath for August 15.

No more legal limbo? Not quite. The SEC’s relentless pursuit of Ripple hits another procedural pause, leaving XRP holders sweating over their bags. Meanwhile, Wall Street lawyers rack up billable hours—some things never change.

What’s next? Mark your calendars: The next update could reshape crypto regulation—or just kick the can further down the road. Either way, grab popcorn.

In the latest update from the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have asked the Second Circuit Court to keep the appeals process paused while they wait for a decision from the district court.

According to a filing dated June 16, 2025, the SEC submitted a status report to the court, requesting that the appeals stay on hold until at least August 15, 2025, when they’ll provide another update. This MOVE comes as Ripple and the SEC continue working through a possible settlement that could reshape the outcome of the long-running case.

#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.https://t.co/7oQvL5Rx7U

Earlier this year, both sides reached an agreement in principle to settle the case, but it requires the district court’s approval to modify the final judgment. Under the proposed deal, Ripple WOULD pay a reduced penalty of $50 million, down from $125 million, with the remaining funds returned to Ripple. The SEC would also agree to lift the injunction against the company.

However, a previous motion for this change was denied by the district court in May because it didn’t explain why “exceptional circumstances” justified the modification. Ripple and the SEC have since filed a new joint motion on June 12, providing additional reasons and requesting an indicative ruling from the court.

Until that decision is made, both Ripple and the SEC agree it’s best to keep the appeals paused. If the district court grants their request, both sides would then ask the Second Circuit for a limited remand to finalize the settlement.

On the flip side, xrp price gained 7% and hit a high of $2.34 before hitting a reverse. The price is now sitting at $2.23.