CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Finbold 2025-06-17 17:34:29

Ripple v. SEC: Case enters new waiting phase

The long-running legal battle between Ripple and the Securities and Exchange Commission ( SEC ) has entered a fresh period of uncertainty as both parties await a pivotal court decision that could shape the outcome. In a joint status update filed on June 16, Ripple and the SEC requested the Second Circuit Court of Appeals to continue holding the appeals in abeyance. According to defense attorney James Filan, who shared the update on X on June 17, the move is linked to a pending motion for an indicative ruling in the lower court, an essential step toward modifying the final judgment and implementing a proposed settlement. As part of the latest timeline, the SEC has been directed to submit a status report by August 15, 2025. #XRPCommunity #SECGov v. #Ripple #XRP In light of the pending motion for an indicative ruling, the parties have requested that the Second Circuit continue to hold the appeals in abeyance, with the @SECGov to file a status report by August 15, 2025. https://t.co/7oQvL5Rx7U — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 17, 2025 Ripple and SEC settlement deal The settlement proposal, first revealed in a May 8 agreement, would see Ripple pay the SEC a $50 million civil penalty and return $75 million currently held in escrow to the blockchain company. However, the deal hinges on the district court formally lifting an existing injunction. A procedural hurdle emerged when the court rejected a joint request for an indicative ruling on May 15, citing the absence of “exceptional circumstances” required to alter a final judgment. In response, the parties filed a revised motion on June 12, seeking to clarify their legal grounds and urging the court to reconsider. With the revised motion still under review, Ripple and the SEC have effectively paused the appellate process while awaiting the lower court’s decision. If approved, the ruling could pave the way for a final settlement and bring the case to a close. XRP price analysis Meanwhile, XRP continues to trade in line with the broader crypto market , which is facing bearish sentiment. As of press time, XRP was trading at $2.15, down over 7% in the past 24 hours. The token has also slipped more than 5% over the past week. XRP seven-day price chart. Source: Finbold Looking ahead, bulls will need to step in to prevent further downside. Currently, XRP risks losing support at $2, which could trigger deeper losses. Featured image via Shutterstock The post Ripple v. SEC: Case enters new waiting phase appeared first on Finbold .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta