SEC files status report on Ripple XRP appeals pending court decision

The American results and trade (SEC) has submitted a standing report back to the Courtroom of Attraction and informs that the Company and Ripple Labs had submitted a joint provision to attraction and to work on closing the XRP case, in accordance with an replace of protection lawyer James Filan.

#Xrpcommunity #secgov v. #Ripple #xrp The @secgov has submitted a standing report back to the Courtroom of Attraction and famous that the events have submitted a joint willpower of the dismissal of the attraction and that the supply remains to be awaiting approval by the court docket. pic.twitter.com/x74wfrhswq

– James Ok. Filan 🇺🇸🇮🇪 (@filanlaw) August 15, 2025

The submission meets a requirement in July, when the events requested the Courtroom of Attraction to maintain a process pending whereas they needed to finish the settlement situations.

That request adopted a renewed movement within the southern district of New York, which steered Ripple’s $ 125 million effective, with $ 50 million to SEC and $ 75 million again to Ripple. Decide Analisa Torres, nonetheless, rejected the bid.

The SEC and Ripple at the moment are ready for the approval of the Courtroom of Attraction of their provision to formally reject the occupation.

After dismissal has been granted, the case continues to implement, which requires Ripple to fulfill the $ 125 million effective and to adjust to the situations of the order, in accordance with the SEC.

That consequence will depart the prevailing ruling of Decide Torres intact, together with XRP not a security in secondary commerce, however sure institutional gross sales will proceed to be topic to securities legal guidelines.