James Ok. Filan, a former federal prosecutor who normally shares info on the Ripple SEC lawsuit, has shared a brand new replace on X.
In accordance with Filan, the U.S. Securities and Alternate Fee (SEC) has filed a standing report with the Court docket of Appeals, giving an replace on prior occasions within the lawsuit. The SEC reported that each events have filed a joint stipulation of dismissal of respective appeals and that the stipulation stays pending and due to this fact awaiting approval by the Court docket.
The SEC standing report filed Aug. 15, 2025, said that “the events have filed a joint stipulation of dismissal of the fee’s enchantment and Ripple’s cross enchantment with every get together to bear its personal price and costs. The joint stipulation of dismissal stays pending.”
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As beforehand reported, the SEC’s standing report was due Aug. 15, and in line with XRP fanatic and authorized lawyer Invoice Morgan, the most recent transfer stays simply formality with no affect on previous or future developments within the lawsuit.
Throwback
Earlier in August, Ripple and the SEC agreed to dismiss their appeals, marking an finish to the long-running authorized battle.
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On Aug. 7, the SEC filed a Joint Stipulation of Dismissal entered into with defendants Ripple Labs, Bradley Garlinghouse and Christian A. Larsen that dismisses the Fee’s enchantment and Ripple’s cross-appeal pending in america Court docket of Appeals for the Second Circuit, and resolves the Fee’s civil enforcement motion in opposition to the defendants.
Each events filed cross-appeals after the district courtroom issued a remaining judgment imposing a $125,035,150 civil penalty and an injunction prohibiting Ripple from violating the registration provisions of the Securities Act of 1933.
The SEC said that the dismissal of the appeals means the ultimate judgment stays in impact. In a publish on X, Stuart Alderoty, Ripple’s chief authorized officer, referenced the SEC’s actions and said that the dismissals marked “the top” of the case.