The SEC has recently filed a status report on August 15, 2025, with the U.S. Court of Appeals for the Second Circuit regarding its appeals in the Ripple XRP lawsuit. The report updates the court on the current status of the legal battle between the SEC and Ripple Labs.
The SEC and Ripple have jointly submitted a motion to dismiss the SEC's appeal and Ripple's cross-appeal. This joint demand of dismissal is currently pending court approval.
Each party will bear its own legal costs and fees, according to the demand.
The lawsuit has been paused multiple times to allow for potential resolution attempts.
Although there was a proposal to reduce Ripple's fine from $125 million to $50 million and remove some injunctions, U.S. District Judge Analisa Torres rejected the modification requests.
Following Judge Torres encouraging the parties to withdraw their appeals, Ripple formally withdrew its appeal, and the SEC followed by filing the status report highlighting the dismissal motion.
The pending dismissal means that the Second Circuit Court must approve the joint demand for the multi-year lawsuit to be formally concluded.
If approved, Ripple will pay $125 million for selling XRP to institutions without SEC registration, and the permanent injunction on future institutional sales will remain in place, requiring registration for such sales.
The next procedural step awaiting is the court’s approval of the motion to dismiss the appeals.
This development suggests that the SEC and Ripple are moving toward ending the protracted legal battle, pending final court approval to dismiss the appeals and conclude the case.
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