XRP Legal Battle Faces Delay as Ripple and SEC Hit Procedural Snag

A procedural error has temporarily stalled the high-profile legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), adding another layer of complexity to the three-year-long case. Judge Analisa Torres recently rejected a joint filing from both parties due to non-compliance with court rules, highlighting yet another twist in the ongoing litigation. While legal experts downplay the significance of the misstep, calling it minor but consequential, the delay underscores the challenges both sides face in reaching a settlement. The case, which has significant implications for XRP’s regulatory status and future price trajectory, continues to draw attention from the cryptocurrency community. As of May 2025, the resolution remains uncertain, but market watchers remain optimistic about XRP’s long-term potential despite the legal hurdles.

Ripple vs SEC Settlement Hits Snag Over Procedural Error

A procedural misstep has temporarily derailed the high-stakes legal battle between Ripple Labs and the U.S. Securities and Exchange Commission. Judge Analisa Torres rejected a joint filing from both parties due to non-compliance with court rules, marking another twist in the three-year case.

Legal experts characterize the error as minor but consequential. "They’ll need to refile correctly—it’s the hard way, but not the end of the world," said attorney Fred Rispoli. The delay comes just days after both sides sought to pause appellate proceedings, suggesting ongoing settlement negotiations.

Market observers note the case continues casting uncertainty over XRP’s regulatory status. Each development moves the needle for cryptocurrency projects navigating U.S. securities laws.

Ripple’s Legal Misstep Delays SEC Settlement, Raises New Questions

Judge Analisa Torres has rejected a joint settlement request from Ripple Labs and the U.S. SEC due to a procedural error involving incorrect legal rules. The misstep forces both parties to refile, potentially altering settlement terms. Legal analyst Bill Morgan suggests this procedural hiccup may open new legal complexities for Ripple.

Ripple has since petitioned the court under Rule 62.1 for an indicative ruling and Rule 60(b) for relief from final judgment. The case’s trajectory now hinges on whether the parties can refile under Fed.R.Civ.P 60 while preserving their settlement terms—a question casting uncertainty over XRP’s regulatory clarity timeline.

Banxa Expands Stablecoin Support with Ripple’s RLUSD

Banxa has integrated Ripple’s newly launched USD-backed stablecoin, RLUSD, into its platform. Users can now buy or sell RLUSD directly through Banxa using conventional payment methods such as bank transfers, credit cards, and instant local options.

The stablecoin is backed 1:1 by US dollars and cash-equivalent reserves, ensuring reliability for real-world financial applications. RLUSD is designed for payments, global transfers, off-ramps, and trading collateral, reinforcing its utility in the digital asset ecosystem.

SBI Holdings Emerges as Key Catalyst for Ripple’s XRP Global Expansion

Japan’s SBI Holdings, Ripple’s largest external shareholder, is accelerating real-world adoption of XRP through strategic partnerships and regulatory alignment. The financial giant’s subsidiaries—including SBI Remit, Japan’s top money transfer service—are already leveraging RippleNet for cross-border transactions.

SBI VC Trade, a regulated crypto exchange, provides institutional and retail access to XRP markets. CEO Yoshitaka Kitao has publicly championed XRP as the optimal digital asset for payments, signaling long-term commitment to Ripple’s infrastructure. This alliance positions XRP as a leading contender for default bridge currency status in Asia’s evolving payments landscape.

BRICS Nations May Develop Gold-Backed Financial System Using XRP, Challenging US Dollar Dominance

Speculation mounts as cryptocurrency circles buzz with theories that BRICS countries could be laying the groundwork for a gold-backed global financial system powered by XRP. This move WOULD directly challenge the longstanding hegemony of the US dollar in international finance.

The current financial order, dominated by the US, relies heavily on three pillars: the dollar’s reserve currency status, the SWIFT messaging network, and liquidity controls. SWIFT’s role as the backbone of cross-border transactions grants Washington significant leverage—evidenced by its ability to isolate nations through sanctions, as seen in 2022.

XRP Price on the Brink After Ripple’s Legal Motion Faces Rejection

XRP’s price tumbled 5% following a court ruling that denied Ripple’s joint motion in its ongoing lawsuit with the SEC. Judge Analisa Torres deemed the filing improper, casting renewed uncertainty over the case. The cryptocurrency, which had recently peaked at $2.60, now tests critical support NEAR $2.19.

Market sentiment soured as Ripple’s attempt to avoid severe penalties—including a potential sales ban and financial fines—hit a procedural roadblock. The rejection triggered immediate selling pressure, with XRP briefly dipping to $2.35 before stabilizing. This legal setback underscores the market’s acute sensitivity to regulatory developments in the crypto sector.