The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly requested a temporary halt in the ongoing appeal of the XRP lawsuit. The suspension awaits an indicative ruling from Judge Analisa Torres, which could critically influence the case’s remedies phase and broader cryptocurrency regulation.
The pause is tied to a pending motion for an indicative ruling by Judge Torres. Such a ruling may offer early insight into the court’s potential stance on Ripple’s motion regarding penalties and injunctions related to institutional sales of XRP. This development could significantly alter the trajectory of the remedies phase.
The SEC will submit a status report by August 15, 2025, detailing the case’s progression. Legal experts note the remedies phase outcome may establish precedents for SEC enforcement actions against cryptocurrency firms, potentially reshaping the regulatory landscape for digital assets.
The joint request suggests both parties seek judicial clarity and procedural efficiency. Market observers interpret the coordinated move as possible groundwork for settlement discussions or strategic legal positioning ahead of pivotal court decisions.