In the last update of the current legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), both parties asked the second Circuit Court to maintain the professional process while waiting for a decision from the court.
According to a submission of 16 June 2025, the SEC submitted a status report to the court, with the request to stay on hold of the appeal until at least 15 August 2025, if they will provide a new update. This step comes as a Ripple and the SEC continues to work through a possible settlement that could reform the outcome of the long -term case.
Earlier this year, both parties in principle reached an agreement to regulate the case, but it requires the approval of the court to change the final opinion. Under the proposed deal, Ripple would pay a reduced fine of $ 50 million, a decrease of $ 125 million, with the remaining funds returned to Ripple. The SEC would also agree to lift the order against the company.
However, an earlier motion for this change was refused by the court in May because it did not state why “exceptional circumstances” justified the adjustment. Ripple and the SEC have since submitted a new joint motion on 12 June, which provide additional reasons and request an indicative decision from the court.
Until that decision has been made, both Ripple and the SEC agree that it is best to keep the higher facilities paused. If the court submits their request, both parties would ask the second circuit for a limited priority to complete the settlement.
On the other hand, the XRP price won by 7% and reached a highlight of $ 2.34 before it hit an inverted. The price is now for $ 2.23.
Credit : coinpedia.org
