The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has been postponed once again. In a new notice of hearing filed with the U.S. Court of Appeals for the Second Circuit, the SEC requested that the appeals process be suspended for another 60 days. The request follows a joint filing by the parties in April, which also led to a 60-day stay in the case.
Appeals suspended, parties seek settlement
As per the SEC’s latest request, the case has been officially suspended until August 15, 2025. This period gives the parties time to reach a settlement and ask the court to reconsider certain provisions. Two important issues stand out in particular:
- Removal of the permanent injunction against Ripple’s token sales to institutional investors
- Reduction of the fine to be applied from $125 million to $50 million
If the parties reach an agreement and the court approves these proposed changes, the case will be significantly lightened from both a criminal and regulatory perspective.
The court rejected the first attempt
As it will be recalled, in April, the SEC and Ripple jointly applied to the court and requested an “indicative decision” with the conditions set out above. However, this attempt was rejected by Judge Analisa Torres on May 15. Judge Torres ruled that the “extraordinary circumstances” required for the decision to be changed did not exist.
Thereupon, the parties tried their luck again with a new application on June 12. Within the scope of this new application, the SEC and Ripple are asking the court to both reduce the penalty and lift the permanent injunction. However, this request is still under evaluation and the court is expected to make its final decision.
What will be the roadmap for XRP?
If the agreement is approved and the restrictions on Ripple are lifted, this could have a positive impact on XRP prices. Some lawyers and market analysts interpret this pause as a strategic step. It is stated that the parties prefer to compromise, especially in order to avoid a longer and more costly appeal process.
Amid these developments, XRP's market value has reached $ 130.5 billion. According to market data, XRP has shown a slight increase in the last 24 hours and is trading at $ 2.21. Every decision to be made in this legal process between the SEC and Ripple could determine the direction of cryptocurrency regulations in the US. Therefore, all eyes are now on the new hearing notice to be shared on August 15, 2025. No progress is expected in the case until then. Although hopes were shaken by the rejection of the first application, all eyes are now on the decision to be made from the new application. For XRP investors, this uncertainty continues to be the main factor affecting both price movements and market psychology.
