The US Securities and Replace Payment (SEC) has filed a bunch file with the Court of Appeals to recount a joint project with Ripple Labs to total the lengthy-standing lawsuit. In step with a submit by defense attorney James Filan, the U.S. SEC filed a bunch file highlighting that the joint stipulation remains pending, searching ahead to the court docket’s approval.
Earlier this month, the U.S. SEC filed a joint stipulation dismissal, thus formally withdrawing the appeals. Alternatively, the Court of Appeals has but to recount the joint stipulation dismissal, hence the pending place filed by the U.S. SEC.
#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a bunch file with the Court of Appeals noting that the parties include filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and attributable to this truth searching ahead to approval by the Court. pic.twitter.com/X74wFRhswq
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 15, 2025
Previously, Resolve Analisa Torres had denied both parties a motion for an indicative ruling, pending the appeals.
Ripple Advantages from SEC’s ‘Challenge Crypto’
Ripple Labs has deal benefited from the SEC’s present to put into effect President Donald Trump’s crypto agenda. With President Trump committed to developing the united states a crypto hub, the SEC has launched a connected initiative dubbed ‘Challenge Crypto’.
On Friday, SEC Chair Paul Atkins mentioned that the Challenge Crypto initiative will wait on corporations grow, defend traders, with a decided aim of making the united states the crypto capital of the arena.
This day I sat down with @MorningsMaria on @FoxBusiness to debate the SEC’s Challenge Crypto and further of the work the SEC is doing to wait on U.S. corporations grow, defend traders, and make a choice up The usa the crypto capital of the arena.https://t.co/LQrD8FFljZ
— Paul Atkins (@SECPaulSAtkins) August 15, 2025
Ripple has already made strategic moves to present a rob to mainstream adoption of XRP thru excellent near. Let’s bear in mind, the Ripple USD (RLUSD) has grown to a market cap of about $666 million and a 24-hour common volume of about $187 million.
Particularly, the mainstream adoption of RLUSD plays a in point of fact powerful purpose in the on-chain burns of XRP, which already has a mounted most present.
What’s the Midterm Target for XRP Brand?
With the regulatory clarity carried out by Ripple, the XRP imprint has signaled the onset of its 2025 parabolic rally. The sizable-cap altcoin, with a in point of fact diluted valuation of about $314 billion, reached its all-time high of about $3.65 in mid-July 2025, fueled by renewed query from institutional traders.
In the four-hour timeframe, XRP imprint has been forming a macro bullish construction with a midterm aim of $6.2, which coincides with a 1.618 Fibonacci extension in step with the Elliott Wave precept. Particularly, the third wave in an Elliott Wave precept usually information no longer less than 1.618 of the first wave.
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