SEC File Status Report Court decision on RIPPLE XRP appeal

Table of Contents

Key takeout

The SEC and Ripple Labs have jointly requested that their respective appeals be dismissed in the ongoing legal cases relating to XRP.
The parties have submitted joint provisions to dismiss the appeal process. This is currently awaiting approval from the Court of Appeal.

The U.S. Stock Exchange (SEC) filed a status report with the Court of Appeals, notifying that the agency and Ripple Labs have rejected the appeal and filed joint provisions to close the XRP case.

#xrpcommunity #secgov v. #ripple #xrp @secgov filed a status report with the Court of Appeal, noting that the parties have filed a joint provision for dismissing the appeal and that the provisions are pending and therefore awaiting approval by the court. pic.twitter.com/x74wfrhswq
– James K. Filan🇺🇸🇮🇪 (@filanlaw) August 15th, 2025

The filing fulfilled the requirements set in July and asked the parties to file a lawsuit while the appeals court seeks final decision on the terms of the settlement.

That request follows a new motion in New York’s Southern District, which proposes to redistributing Ripple’s $125 million penalty, with $50 million back to the SEC and $75 million back to Ripple. However, Judge Analisa Torres refused the bid.

The SEC and Ripple are currently awaiting approval of the provisions to formally dismiss the Court of Appeals’ appeal.

Once fired is permitted, the lawsuit proceeds to enforcement, requiring Ripple to meet the $125 million penalty and to comply with the terms of the injunction.

The result is that XRP is not considered the security of secondary transactions, but Judge Torres’ awards, where certain institutional sales are subject to securities laws, remain intact.