Introduction
On June 17, Ripple Labs and the SEC requested a 60-day XRP appeal pause in the U.S. Second Circuit, signaling serious settlement discussions around the long-standing XRP lawsuit.
Legal Background
The lawsuit began in 2020 when the SEC alleged that XRP sales constituted unregistered securities offerings. Ripple partially prevailed in 2024, prompting appeals from both parties.
Details of the Pause Request
Both sides asked the appeals court to hold proceedings until August 15, 2025, while they pursue settlement terms including vacating injunctions and reducing penalties.
Expert Opinion
Attorney James Filan described the move as a strategic pause. Legal analysts suggest it reflects growing confidence in reaching a deal.
Market Reaction
XRP rose approximately 3.6% amid optimism. Community forums noted the XRP appeal pause as a signal of potential reconciliation.
Implications
If resolved, the case could establish regulatory precedent. Ripple could resume institutional sales and pursue an XRP ETF with reduced uncertainty.
Timeline Ahead
A status update is expected by mid-August. Should settlement progress, appeals could be withdrawn or remanded once final approval is secured.
Potential Risks
Failing settlement might lead to resumed litigation. Ripple must ensure any deal secures court sanction and protects stakeholder interests.
Broader Context
A successful resolution may unlock broader crypto legal clarity, influencing SEC positions on other tokens and exchanges.
Conclusion & Call to Action
The XRP appeal pause represents a meaningful step toward settlement. Investors and industry observers should monitor legal filings and settlement developments closely.
