XRP Lawsuit Delay: Ripple and SEC Seek Extended Deadline

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to impact XRP holders, as the case saw a new development regarding a crucial deadline. The latest update involves a joint request from both Ripple and the SEC to extend proceedings, pushing the timeline further into 2025.

Ripple and SEC Request Deadline Extension

On June 16th, Ripple and the SEC submitted a new status report, signaling fresh movement in their prolonged court proceedings. This report follows a failed joint motion that aimed to resolve the financial penalties Ripple faces. Presiding Judge Analisa Torres rejected the previous motion, citing non-compliance with certain regulatory standards.

Many XRP supporters had anticipated that this June deadline would signal the final chapter in the high-stakes lawsuit. However, these hopes were dampened as the SEC has proposed that the appeals process remain paused for now. The Commission requested the court to keep the case in abeyance and allow until August 15, 2025, to submit another status update.

This development represents a significant delay in the legal resolution that XRP investors have been awaiting. The filed motion noted that Ripple and the SEC have reached consensus on this request, meaning both parties are aligned in seeking additional time. The court has not yet ruled on whether this deadline extension will be granted, leaving uncertainties for all involved.

In light of the foregoing, the parties are in agreement that this court should continue to hold the appeals in abeyance, with the Commission to file a status report by August 15, 2025.

XRP Shows Daily Strength Among Altcoins

In the midst of this legal back-and-forth, XRP experienced a modest boost in value. The token appreciated by 2.4% over the day, trading at around $2.24. Despite this being a relatively small jump, it marked XRP as the leading performer among the top 15 cryptocurrencies by market capitalization.

At one point during the day, XRP reached nearly $2.34 before retreating slightly. This surge reflects growing investor interest, possibly influenced by the latest courtroom activity or broader speculation around Ripple’s future in regulatory frameworks.

The crypto market as a whole remains fragile in the face of ongoing global tensions. Geopolitical uncertainties—including the military conflict between Israel and Iran—cast a long shadow over digital assets. Market participants continue assessing potential responses from global powers such as the U.S., China, and Russia, which further muddies the investment landscape.

As Ripple’s legal journey stretches on, XRP holders are reminded that the road to clarity remains complex. The request for another two-month delay underscores just how protracted regulatory disputes can be, especially when major institutional and economic frameworks are at stake.

XRP investors and followers should keep a close eye on court proceedings and updates from both Ripple and the SEC. With the next formal update due by mid-August 2025—pending court approval—the community faces yet another lengthy waiting period for resolution.

In the meantime, efforts to keep XRP’s momentum alive in trading markets might be shaped more by macroeconomic forces and community sentiment than legal conclusions. This case continues to stand as a hallmark example of how blockchain-based projects navigate traditional regulations in unfamiliar terrains.

Related: Expert Advice: Sell XRP If You’re Confused

As the Ripple vs. SEC saga unfolds, the interaction between emerging financial technologies and foundational legal structures remains a focal point, not just for XRP users but for the wider blockchain ecosystem.