You Won’t Believe What Ripple & the SEC Are Waiting For—August 15 Twist! 😮📜

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It is a truth universally acknowledged, that a financial institution beset by regulators must be in want of a more obliging settlement. In the latest chapters of this exceedingly diverting legal novel between the estimable Ripple Labs and the ever-watchful U.S. Securities and Exchange Commission, both parties have, with all the restraint of a most accomplished courtier, bid the Second Circuit Court to suspend their appeals, each awaiting that elusive creature—a decision—from the district court. One cannot help but suspect that waiting is now the principal pastime of both litigants.

Upon the sixteenth day of June, in the year two thousand and twenty-five—surely a date destined for the annals—the Commission, making a heroic attempt at patience, dispatched a status report politely requesting the appeals languish in comfortable abeyance until at least the fifteenth of August (presumably to allow for additional tea and thorough contemplation). The world watches as Ripple and the SEC engage in that most genteel of pursuits: negotiating a settlement that might, in a fit of unprecedented civility, alter the trajectory of their celebrated disagreement.

#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.

— James K. Filan (@FilanLaw) June 17, 2025

Earlier in this dramatic season, both suitors to the court’s favour reached a most delicate agreement: Ripple, to make amends with $50 million (a tidy sum, though positively modest compared to the original $125 million demanded), with the surplus to be reinstalled to its own coffers—a most agreeable arrangement for any party of sense. The SEC, for its part, has graciously agreed to loosen its grip, promising to lift the paternal injunction lingering about Ripple’s affairs.

Yet, as is the way of these public intrigues, the ever-watchful district court was not to be so easily persuaded. The previous entreaty for mercy was dismissed with the kind of chilly formality only the bench can muster, citing a lack of “exceptional circumstances.” Undaunted (or perhaps rather used to being spurned), our enterprising litigants returned with a joint motion on the twelfth of June, now stating their case with yet more persuasive reasoning and requesting the court’s indicative ruling. One can imagine the paperwork alone now requires its own wing of the courthouse. 😉

Until the court makes up its mind (and who could possibly hurry such a fastidious process?), both Ripple and the SEC have concluded that keeping the appeals in a genteel state of abeyance is altogether the least troublesome course. Should the bench finally favour them, the Second Circuit would likely be entreated to grant a limited remand, that these two rivals may at last shake hands and be done with it.

In related social amusements, the price of XRP—never one to resist dramatic flair—ascended by 7%, even daring to reach $2.34 before performing a well-timed swoon to its present perch at $2.23. The market, too, knows the importance of keeping everyone in suspense! 📈😏

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2025-06-17 05:52