SEC files status report on Ripple XRP appeals pending court decision

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SEC and Ripple Labs jointly requested the refusal to appeal in the ongoing legal case related to XRP.
Both parties have presented a common text to reject the appeal process, which is now awaiting the approval of the Court of Appeal.

The US Securities and Exchange Committee (SEC) submitted a report to the situation to the Court Make a common text To refuse to appeal and work to close the XRP case, according to a modernization of the defense lawyer James Villan.

#xrpcommunity #Secgov Fifth. #ripple #xrp the Secgov He submitted a report to the situation to the Court of Appeal, indicating that the parties have submitted a joint text to separate the appeal and that the condition is still pending and thus awaiting approval by the court. pic.twitter.com/x74wfrhswq

James K. Villan (Filanla) August 15, 2025

The deposit fulfills specific requirements in July, when the parties requested the Court of Appeal Holding procedures in abeyance While they sought to finish the terms of the settlement.

This request follows a renewed proposal in the southern province of New York, where he proposed a $ 125 million penalty for a penalty, as $ 50 million went to the Supreme Education Council and $ 75 million to Ripple. Judge Analisa Torres refused to give, however.

SEC and Ripple are now awaiting the approval of the Court of Appeal for its text to officially reject the appeal.

Once the chapter is granted, the case progresses to its enforcement, which requires Ripple to meet the penalty of $ 125 million and comply with the conditions of the podium. according to second.

This result will leave the rule of Judge Torres Selma, according to which XRP is not considered security in secondary trading, but some institutional sales remain subject to securities laws.