• Choose Torres rejected an earlier movement in Could, citing the shortage of “distinctive circumstances.”
• The SEC filed a brand new standing report on June sixteenth, demanding that the attraction lawsuit be held up.
• On the time of writing, the declare remains to be pending and the courtroom has not but issued a call.

The continued authorized battle between Ripple Labs and the Securities and Change Fee (SEC) has entered yet one more part of delay.

The events are at present requesting the Second Circuit Court docket of Appeals to droop the lawsuit, this time till August 15, 2025, to attempt to resolve the matter exterior of courtroom.

This request follows a collection of developments in circumstances, together with failed strikes, revised penalty proposals, and ongoing efforts to raise current injunctions on Ripple’s actions.

Sec and Ripple search settlement and injunction reduction

Ripple and the SEC have collectively filed a movement sought with the district courtroom to dissolve the everlasting injunction imposed on Ripple Labs and scale back the monetary penalty from $125 million to $50 million.

That is half of a bigger try and resolve circumstances by settlement, relatively than persevering with the long-term attraction course of.

This background arises from April 2025 when each events submitted a request for “directive management” to vary the ultimate judgment.

The intention was to permit Choose Analisa Torres to amend the unique courtroom order in mild of ongoing negotiations.

Nevertheless, on Could 13, Choose Torres refused the request, saying the movement failed to satisfy the “distinctive circumstances” customary required to vary the ultimate judgment beneath Rule 62.1.

Regardless of this set, Ripple and the SEC returned on June twelfth with a brand new movement. Once more, he requested the courtroom to assessment the present injunction and settle for the revised $50 million settlement quantity.

On the time of writing, the declare remains to be pending and the courtroom has not but issued a call.

SEC standing updates will immediate you to cease till August fifteenth

The SEC filed a brand new standing report on June sixteenth, requesting that the attraction course of be withheld till at the very least August fifteenth.

The report argues that persevering with the attraction throughout this interim interval could be inefficient and could be doubtlessly pointless if the district courtroom upholds the joint movement.

Pauses haven’t been permitted but. The request stays into consideration within the Second Circuit.

An identical delay was requested earlier this yr, highlighting the events’ frequent curiosity in resolving the swimsuit by negotiations relatively than litigation.

The technique seems to be aimed toward saving sources and avoiding the drawn attraction course of that would develop into 2026 with out decision.

Secure XRP costs amid authorized uncertainty

Throughout the authorized developments, XRP has proven some resilience to the market.

As of the newest knowledge, XRP is buying and selling at $2.21, reflecting a slight improve over the previous 24 hours. The full market capitalization of the token is at present at $1300.5 billion.

Marketwatchers counsel {that a} favorable courtroom ruling may get rid of obstacles to Ripple’s enterprise operations and inject new momentum into the efficiency of its XRP tokens.

The ultimate outcome has not but been achieved, but when the district courtroom agrees to resolve the injunction and approve a $50 million settlement, it may mark a turning level in a long-term regulatory dispute.

For now, all eyes stay on Choose Torres’ determination and the potential influence on each Ripple and the broader crypto-regulatory atmosphere.