SEC and Ripple Case Drags On—With Another Delay
The legal battle between the SEC and Ripple over XRP just won’t wrap up. Even though both sides reached a tentative agreement months ago, the paperwork and procedural hurdles keep piling up. At this point, it’s less of a courtroom drama and more of a slow-moving bureaucracy.
This week, there was yet another twist. The SEC and Ripple jointly asked the court to pause the appeals process—again. The reason? They’re still waiting on pending motions to be resolved. It’s not exactly a surprise, but it does mean more waiting.
Another Status Report, Another Delay
Defense attorney James K. Filan, who’s been tracking the case closely, shared the update on social media. According to him, both parties want the appeals put on hold until at least August 15, 2025. That’s when the SEC is supposed to file yet another status report.
If you’ve lost track of the timeline, you’re not alone. This case has been dragging on since 2020, and every time it seems close to ending, something else pops up. Right now, they’re stuck in limbo, waiting for Judge Analisa Torres to sign off on their proposed settlement.
The deal itself isn’t complicated. Ripple would return $50 million of the $125 million penalty to the SEC, keep the rest, and get a key injunction lifted. But Judge Torres already rejected an earlier version over procedural hiccups. Now, everyone’s watching to see if she’ll approve the refiled agreement.
What Happens Next?
Most legal experts think Torres will greenlight the deal—maybe as soon as this week. The filing was strategically timed, and both sides seem to be on the same page now. But with this case, nothing’s ever certain.
If the settlement goes through, it could finally bring some clarity to XRP’s legal status. That might give the cryptocurrency a boost, though predicting price movements is always risky. There’s also chatter about an XRP ETF waiting in the wings, but the SEC hasn’t shown much enthusiasm for crypto funds lately.
Still, for XRP holders, any resolution would be better than the endless back-and-forth. The real question is whether August 2025 will actually mark the end—or just another pause in a never-ending saga.
*Not financial advice, obviously. Just a recap of where things stand.
