The U.S. Securities and Exchange Commission (SEC) has filed a status report with the U.S. Court of Appeals for the Second Circuit regarding the Ripple Labs case, according to James K. Filan, an attorney prosecuting the XRP case.
The report notes that the parties have filed a joint waiver of dismissal to withdraw their appeals in the case.
According to the SEC’s notice dated August 15, 2025, the parties have reached a settlement for both the SEC’s appeal and Ripple’s counter-appeal. Under the agreement, each party will bear its own litigation costs.
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However, the waiver application has not yet been approved by the court, so the process is on hold. Once approved, the appeals phase of the case will officially end.
This development is considered a significant turning point in the long-running SEC-Ripple case.
At the time of writing, the XRP price is at $3.12, trading 18% lower than its all-time high of $3.84.
*This is not investment advice.