Ripple and SEC request pause in appeals as settlement advances
In a major turn in the long-standing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have jointly requested the U.S. Court of Appeals for the Second Circuit to pause their appeals process as they work toward finalizing a settlement.
The move suggests a potential de-escalation in one of crypto's most closely watched regulatory battles, Cryptopolitan reported.
Settlement talks and legal backdrop
The request to delay comes as Ripple and the SEC await a decision on a renewed joint motion to modify the final judgment, filed after their initial settlement proposal faced a setback. In May 2025, the parties executed a settlement agreement that proposed reducing Ripple’s penalty from $125 million to $50 million, alongside lifting the existing injunction. However, the district court denied the original indicative ruling motion, citing a lack of evidence that "exceptional circumstances" warranted altering the judgment.
Ripple filed a cross-appeal on October 10, 2024, following the SEC’s original notice of appeal. Now, the updated motion for a ruling indicates a renewed effort to resolve the matter without continuing through full appellate proceedings. According to attorney James Filan, an update to the appeals court is expected by August 15, a date now seen as pivotal in the case.
XRP ecosystem shows resilience
Despite the legal uncertainty, Ripple’s native token XRP is showing signs of network strength. According to on-chain analytics from Santiment, XRP has seen a surge in activity, with active addresses averaging 295,000 daily—a massive increase from the usual 35,000–40,000. Additionally, the number of whale wallets holding at least 1 million XRP has surpassed 2,700—an all-time high.
XRP’s 24-hour trading volume jumped 158% on June 17 to $5.23 billion, and while the token has declined 8% in the past month, it remains up 7% year-to-date.
As both Ripple and the SEC push toward resolution, the crypto community is watching August 15 closely for signs of a final outcome that could influence future digital asset regulation.
Notably, Charles Hoskinson reveals plans to integrate Ripple-based assets into Cardano.
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