Why asked Ripple and SEC to stop stopping at the appeal? star-news.press/wp

The US Securities and Stock Exchange Committee (SEC) and Ripple Labs requested a joint court of the Court of Appeal in the second circle to preserve its appeal.

The reason for the delay is that they are waiting for the court’s decision regarding their updated request to obtain an indicator ruling. The deposit is the latest in a series of legal developments in SEC versus Ripple Saga.

Ripple vs. Sec

The court documents showed that the request to stop the appeal was submitted on June 16. This comes after the two parties submitted to the Manhattan Provincial Court to lift the bargaining order.

The proposal, submitted on June 12, deals with the previous rejection by the provincial judge, Anjia Torres. This denial was martyred as procedural deficiencies under the federal ruling of civil procedures 60 B.

This requires “exceptional circumstances” to amend the final ruling. It is worth noting that the updated deposit now confirms such circumstances.

Currently, the proposal is still suspended in front of Judge Torres. Lawyer Farid Reesboli previously open A decision may come from the judge before the end of next week.

“In light of the above, the parties agree that this court must continue to retain the appeal in the absence of it.” the document Read.

The result can have significant effects. The failure to secure an indicator ruling means that Ripple should wait until 2026 to get another chance to search for the separation.

Moreover, SEC also suggested submitting another case report by August 15, 2025, to update the court on any other developments in the settlement process.

While the legal battle continues, its XRP decision can be withdrawn from the current legal forgetfulness. Market monitors also believe this could lead to a gathering in Altcoin. Beincrypto previously reported XRP conflicts to gain momentum despite the upscale stimuli.

According to the latest data, XRP 5.1 % lost its value during the past month. However, the lawsuit is not the only factor we blame. The conditions of the macroeconomic economy were also greatly affected by the market.

Nevertheless, a modest recovery was observed last day. Beincrypto data showed that XRP rose by 2.8 %, as it was circulated at $ 2.2 at the time of the press.