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SEC and Ripple Seek Delayed Settlement with Potential Impact on XRP Price

The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has hit another snag as both parties request to delay the appellate proceedings.

On June 16, they filed a motion asking the Second Circuit Court of Appeals to pause the case until at least August 15, 2025.

This delay arises from their ongoing negotiations to settle the case out of court, which currently includes a reduced financial penalty for Ripple from $125 million to $50 million.

The court had previously rejected a motion from Ripple and the SEC to modify a final judgment due to a lack of "exceptional circumstances."

Despite this setback, both sides are optimistic and have presented new arguments to support their case.

If the district court approves their request, it could pave the way for the dissolution of a previous injunction restricting Ripple's XRP sales.

Investors seem to respond positively to these developments, with XRP maintaining a price of around $2.21 as hopes for a favorable resolution grow.

Market analysts suggest that a positive court ruling could invigorate Ripple’s business operations and lead to new all-time highs for XRP.

As the August deadline approaches, all eyes remain on Judge Analisa Torres for her ruling, which could have lasting implications for the broader cryptocurrency regulatory landscape.

The outcome of this case may not only influence Ripple’s future but could also set important precedents for how digital assets are classified and regulated in the United States.