SEC and Ripple Request Court to Pause Appeal Proceedings

According to PANews, the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly submitted a status report to the Second Circuit Court of Appeals, requesting a continued suspension of the current appeal process. The request is based on the ongoing deliberations by the district court regarding indicative ruling motions. Both parties have agreed that the SEC will provide the next status update by August 15, 2025.