SEC and Ripple Request Continued Appeal Pause for Potential Settlement
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have asked the U.S. Court of Appeals for the Second Circuit too extend the pause on their ongoing appeal. This latest attempt at resolution follows years of litigation dating back to 2020, when the SEC sued Ripple for allegedly offering unregistered securities. In July 2023, a federal judge ruled that Ripple’s programmatic sales did not violate securities laws but upheld charges related to institutional sales. The penalty was placed in escrow during the appeals process. An attempt to settle the case in May 2025 failed after the court said “remarkable circumstances” were not met. But with the SEC now under new leadership and shifting its crypto enforcement strategy, the parties were quickly able to reach a revised deal. The resolution of this case could have broader implications, including the potential approval of a spot XRP (XRP) exchange-traded fund.Several applications from firms like Grayscale and ProShares are pending, with deadlines approaching from June. market odds on Polymarket recently dipped to 88% after peaking at 98% in early June. Bloomberg analysts, on the othre hand, still estimate an 85% chance of approval this year. rnrn
