In the ongoing legal drama surrounding Ripple and the SEC, recent updates indicate that the appeals have been suspended. James K. Filan, a lawyer following the case closely, revealed that both parties have requested the Second Circuit to put a hold on the appeals as they await an indicative ruling. This pause allows the SEC to submit a status report by August 15, 2025.
Ripple has been embroiled in a legal battle with the SEC over the classification of XRP as a security, and developments in this case have significant implications for the broader crypto market. As of now, XRP holders are hopeful that positive outcomes from the case may influence the price movement of the cryptocurrency.
"While the legal situation remains complex, clarity in these matters could change investor sentiment significantly," noted Filan in a recent statement.
Ripple has been embroiled in a legal battle with the SEC over the classification of XRP as a security, and developments in this case have significant implications for the broader crypto market. As of now, XRP holders are hopeful that positive outcomes from the case may influence the price movement of the cryptocurrency.
"While the legal situation remains complex, clarity in these matters could change investor sentiment significantly," noted Filan in a recent statement.
