Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested a 60-day suspension of appellate proceedings - a move aimed at finalizing a potential settlement in their long-standing legal dispute over the sale of XRP tokens.
According to the filing, both parties have reached a preliminary agreement. Final approval from the SEC is still pending. If confirmed, Ripple and the Commission are expected to seek a provisional ruling from the district court.
Legal Background and Forecast
The case began in December 2020, when the SEC accused Ripple of selling unregistered securities through XRP. In August 2024, Judge Analisa Torres imposed a $125 million penalty on Ripple. The SEC dropped its appeal on March 19, 2025, with Ripple following by withdrawing its counterclaim.
Market observers forecast that a full resolution of this case could set a precedent for how digital assets are classified in the U.S. Going forward, analysts predict reduced regulatory friction as similar investigations against Coinbase, Kraken, and others have also been dropped this year.
