XRP Legal Battle Nears Potential Settlement as Ripple and SEC Seek Pause in Appeals

Ripple Labs has taken a significant step toward resolving its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) by filing a supplemental letter to Judge Analisa Torres. The document reinforces a joint motion for an indicative ruling, highlighting both parties' agreement to temporarily halt the Second Circuit Court's appeal process. This development suggests a potential settlement may be on the horizon, with the SEC required to provide a status update by August 15, 2025. The cryptocurrency community is closely watching these proceedings, as a favorable resolution could remove a major regulatory overhang for XRP and potentially catalyze price movement. This comes at a crucial time for Ripple as it continues to expand its cross-border payment solutions and institutional adoption of XRP. The market will be monitoring for any indications of whether this legal development might influence XRP's valuation in the coming months, especially as the 2025 deadline approaches.

Ripple Files Supplemental Letter in SEC Case, Advocating for Settlement

Ripple Labs has submitted a supplemental letter to Judge Analisa Torres, reinforcing its joint motion with the U.S. Securities and Exchange Commission (SEC) for an indicative ruling in their protracted legal battle. The filing underscores both parties' request to pause the Second Circuit Court's appeal process, with the SEC mandated to provide a status update by August 15, 2025.

The letter clarifies that Ripple is not seeking to overturn the court's earlier Summary Judgment, which remains a pivotal precedent for future cases. The company emphasized that vacating the "obey the law" injunction would not absolve it of adhering to securities regulations—a commitment it maintains regardless of judicial oversight.

A settlement, Ripple argues, WOULD mitigate litigation risks, conserve judicial resources, and conclude a multi-year dispute. The proposal includes concessions such as a reduced penalty, reflecting a pragmatic approach to resolving the standoff.

Top 3 Altcoins to Watch Amid FOMC Meeting

Cryptocurrency markets are bracing for heightened volatility as the Federal Open Market Committee (FOMC) meeting looms. Investors remain on edge, parsing every potential signal from Chair Jerome Powell for clues on rate cuts. While immediate policy shifts appear unlikely, the altcoin market stands at an inflection point—where dovish hints could spark a rally, but uncertainty continues to suppress momentum.

XRP exemplifies this tension. Trading volumes surged to $4.7 billion amid a 7% price drop, reflecting fierce selling pressure. The altcoin’s market cap eroded to $126.18 billion, with dominance slipping to 3.9353%. Technical indicators paint a precarious picture: the 50-day EMA poses stiff resistance at $2.20, while the 200-day EMA marks a potential reversal NEAR $2.40. A decisive breach of these levels could reignite bullish sentiment.

The Relative Strength Index (RSI) briefly flirted with overbought territory before retreating sharply—a telltale sign of fleeting bullish conviction. For now, traders eye the FOMC’s tone as the catalyst that could either validate accumulation strategies or deepen the corrective phase.

U.S. Senate Passes GENIUS Act to Regulate Stablecoins, Marking Crypto Industry Win

The U.S. Senate delivered a decisive bipartisan vote of 68-30 to pass the GENIUS Act, a landmark bill aimed at regulating stablecoins. The legislation now advances to the House of Representatives, where it could face further amendments before reaching President Trump's desk.

The bill imposes strict requirements on stablecoin issuers like Circle, Ripple, and Tether, mandating robust reserve backing, transparency measures, and anti-money laundering compliance. Ji Kim of the crypto Council for Innovation hailed the move as a "historic step forward" for digital assets, signaling growing institutional acceptance of cryptocurrency regulation.

Ripple and SEC Seek Court Approval to Lift XRP Sales Restriction

Ripple and the U.S. Securities and Exchange Commission have jointly petitioned a federal court to modify restrictions on institutional XRP sales. The outcome could reshape Ripple's capital-raising capabilities and set a precedent for crypto asset regulation.

Legal analysts highlight the measure's potential to constrain Ripple's institutional revenue streams if maintained. "This isn't just about one company's balance sheet," noted a former SEC official. "The court's decision will signal how regulators approach digital asset sales to professional investors."

Market participants await the judicial ruling, which may influence how blockchain firms structure their institutional offerings. The case continues to test the boundaries between innovation and compliance in digital asset markets.