The U.S. Securities and Exchange Commission (SEC) has formally requested another 60-day pause in the ongoing appeal process against Ripple Labs, according to a status update filed with the U.S. Court of Appeals for the Second Circuit.
This comes after an earlier joint motion from both parties in April, which resulted in a 60-day hold on all appellate activity while the parties pursued an indicative ruling from the District Court.
Appeals on Hold as Parties Pursue Agreement Terms
The SEC’s latest filing asks the Second Circuit to continue holding the case in abeyance, pushing the next scheduled status report to August 15, 2025. The ongoing pause gives both sides time to finalize a proposed resolution that would:
- Vacate the permanent injunction imposed on Ripple’s institutional sales
- Reduce the financial penalty from $125 million to $50 million
The Second Circuit previously granted the initial delay and instructed the SEC to file a progress update by June 16, which has now led to this new extension request.
Ripple Appeal Awaits Clarification from Lower Court
The pause hinges on whether the District Court will issue an indicative ruling supporting the adjustments outlined in the parties’ agreement. If granted, the revised terms would significantly reshape the outcome of the long-running legal battle.
The case continues to draw attention from the broader crypto community, with XRP holders, legal analysts, and stakeholders closely watching for signals on regulatory precedent.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-seeks-additional-60-day-pause-in-ripple-appeal-next-update-due-august-15/