XRP Legal Battle Faces New Delay as SEC Seeks Extension Until 2025

The ongoing legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has encountered another procedural delay, with the SEC requesting a two-month extension to file a status report. This motion, submitted on June 16th, proposes pushing the deadline to August 15, 2025, further prolonging the resolution of this high-stakes case. Judge Analisa Torres had previously rejected a joint settlement proposal from both parties due to regulatory shortcomings, underscoring the complexities involved. For XRP holders and the broader cryptocurrency market, this development signals continued uncertainty, as the case''s outcome could significantly influence regulatory clarity for digital assets. The extension highlights the SEC''s cautious approach and the challenges Ripple faces in achieving a favorable resolution. Market participants will be closely monitoring the proceedings, as any definitive judgment could set a precedent for how cryptocurrencies are classified and regulated in the United States.

Critical Deadline for Ripple (XRP) Holders Revealed

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission took a procedural turn on June 16th as regulators requested a two-month extension to file a status report. The SEC''s motion proposes pushing the deadline to August 15, 2025, delaying potential resolution of the long-running case.

Judge Analisa Torres previously rejected a joint settlement proposal from both parties, citing regulatory deficiencies. While the court hasn''t ruled on the extension request, filings indicate mutual agreement between Ripple and the SEC regarding the revised timeline.

XRP defied the legal uncertainty with a 2.4% daily gain to $2.24, outperforming broader crypto markets. The asset''s resilience suggests investor confidence in Ripple''s position despite regulatory headwinds.

Ripple v. SEC Case Delayed Again as Appeal Process Stalls

The legal battle between Ripple and the U.S. Securities and Exchange Commission has encountered another delay. Both parties jointly requested the Second Circuit Court of Appeals to maintain the case in abeyance, pending district court approval of a proposed settlement. A status report filed on June 16 confirmed the agreement remains contingent on judicial sign-off.

This development marks the latest chapter in a landmark case that has influenced the regulatory treatment of digital assets since 2020. The SEC''s initial lawsuit alleged Ripple raised $1.3 billion through unregistered XRP sales, creating ripple effects across global crypto markets. A 2023 partial ruling delivered a mixed verdict—clearing retail transactions while finding institutional sales violated securities laws.

The potential resolution follows months of negotiations after both sides appealed aspects of the earlier decision. Market participants continue monitoring the outcome, which could establish precedent for how cryptocurrencies are classified under U.S. securities regulations.

SEC and Ripple Seek Court Pause on Appeals Pending Key Ruling

The SEC and Ripple have jointly requested a temporary halt to appeals as they await a critical indicative ruling from the court. This development marks another chapter in the protracted legal battle between the regulatory agency and the blockchain company.

Court filings reveal the motion was submitted on June 16, following earlier attempts to lift an injunction. The updated filing now claims the "exceptional circumstances" required under Federal Rule of Civil Procedure 60(b), after Judge Analisa Torres initially rejected the request due to procedural issues.

Legal observers note the high stakes of this procedural maneuver. Should the court deny the indicative ruling, Ripple faces the prospect of waiting until 2026 for another chance at dismissal. The SEC has proposed filing a status update by August 2025, suggesting this case may continue unfolding for years.

XRP Ledger Daily Users Jump 7x to 295K — Is a Price Shift Coming?

The XRP Ledger has witnessed a dramatic surge in user activity, with daily active addresses skyrocketing from 35,000 to over 295,000 within a week. This sevenfold increase signals a resurgence of interest in the network, backed by Santiment data.

Whale wallets holding at least 1 million XRP have reached a record high of 2,700, suggesting growing institutional confidence. Derivatives volume has spiked nearly 300%, though this likely reflects short-term speculation rather than sustained accumulation.

XRP''s price currently stands at $2.2373, up 2.7% on the day, with trading volumes surging 248% in the past 24 hours. The ledger''s growth metrics—from user engagement to whale accumulation—paint a bullish picture for the network''s fundamentals.

XRP ETF Approved for Toronto Stock Exchange Launch

Canadian regulators have granted final approval for the first XRP exchange-traded fund, set to launch on the Toronto Stock Exchange on June 18th. Purpose Investments will oversee the offering, providing investors with regulated exposure to Ripple''s native token without the complexities of direct ownership.

The ETF structure addresses volatility concerns through institutional-grade custody and oversight. Vlad Tasevski, Chief Innovation Officer at Purpose Investments, emphasized the product''s ability to eliminate security risks and technical barriers associated with cryptocurrency investments.

Market observers anticipate further ETF developments, with speculation mounting about potential spot XRP and SOL filings from asset management giants like BlackRock following their Bitcoin and ethereum ETF successes.

Ripple (XRP) Shows Bullish Signals Amid Key Resistance Test

XRP is poised for a potential breakout as buyers intensify pressure on the $2.3 resistance level. Multiple tests of this threshold in recent weeks suggest an imminent upward move, with $2.6 as the next target if support holds.

Momentum indicators reinforce the bullish case. The daily MACD and RSI display consistent higher lows, while today''s MACD golden cross signals strengthening upside potential. A decisive break above $2.3 could accelerate gains toward $3, provided selling pressure remains subdued.