SEC vs Ripple: August 15 Deadline Set as Appeal Remains on Hold – Coincu
The post SEC vs Ripple: August 15 Deadline Set as Appeal Remains on Hold – Coincu appeared on BitcoinEthereumNews.com. Key Points: Ripple and SEC seek to pause appeal as they await ruling on $125M escrow redistribution. XRP Open Interest surpasses $4 billion, showing active market participation despite legal delays. Spot XRP ETF approval odds dip to 88%, with Grayscale and ProShares applications under review. SEC vs Ripple: Legal Limbo Drags On With New Delay Ripple and the US SEC have jointly filed a request to the U.S. Court of Appeals for the Second Circuit, asking to keep the ongoing appeal on hold. The update follows a June 17 post on X by defense lawyer James K. Filan, which explained that both parties are awaiting the outcome of a motion for an indicative ruling from the district court. The pending motion is directed at District Judge Analisa Torres and seeks to modify the final judgment issued earlier in the case. The request includes a proposal to dissolve the injunction that currently limits Ripple from selling XRP to institutional buyers in the U.S. It also addresses the redistribution of the confiscated escrow payment, valued at approximately $125 million. Ripple and SEC Settlement Terms and Penalty Adjustment in Focus Under the proposed terms, the SEC is requesting a $50 million penalty from the seized funds, while the remaining amount would be returned to Ripple. The parties have stated that if Judge Torres agrees to amend the final judgment, they will move to dismiss the appeal entirely. Until then, the SEC is expected to provide a status update to the Second Circuit by August 15, 2025. As CoinCu reported, the motion to modify the final ruling follows the April agreement between Ripple and the SEC to pause the appeal process. That move came after the two sides reached a partial settlement, reducing the original penalty and addressing the restrictions tied to XRP sales.…
The post SEC vs Ripple: August 15 Deadline Set as Appeal Remains on Hold – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Ripple and SEC seek to pause appeal as they await ruling on $125M escrow redistribution. XRP Open Interest surpasses $4 billion, showing active market participation despite legal delays. Spot XRP ETF approval odds dip to 88%, with Grayscale and ProShares applications under review. SEC vs Ripple: Legal Limbo Drags On With New Delay Ripple and the US SEC have jointly filed a request to the U.S. Court of Appeals for the Second Circuit, asking to keep the ongoing appeal on hold. The update follows a June 17 post on X by defense lawyer James K. Filan, which explained that both parties are awaiting the outcome of a motion for an indicative ruling from the district court. The pending motion is directed at District Judge Analisa Torres and seeks to modify the final judgment issued earlier in the case. The request includes a proposal to dissolve the injunction that currently limits Ripple from selling XRP to institutional buyers in the U.S. It also addresses the redistribution of the confiscated escrow payment, valued at approximately $125 million. Ripple and SEC Settlement Terms and Penalty Adjustment in Focus Under the proposed terms, the SEC is requesting a $50 million penalty from the seized funds, while the remaining amount would be returned to Ripple. The parties have stated that if Judge Torres agrees to amend the final judgment, they will move to dismiss the appeal entirely. Until then, the SEC is expected to provide a status update to the Second Circuit by August 15, 2025. As CoinCu reported, the motion to modify the final ruling follows the April agreement between Ripple and the SEC to pause the appeal process. That move came after the two sides reached a partial settlement, reducing the original penalty and addressing the restrictions tied to XRP sales.…
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