Critical Deadline for Ripple (XRP) Holders Revealed

XRP holders are now eyeing a new date as a significant milestone that might signal the end of the upcoming case against the SEC.

The lawsuit between Ripple Labs and the US Securities and Exchange Commission received a long-awaited update on June 16th, when the institution submitted a status report that essentially requested an extension of a previous deadline.

Ripple vs. SEC Lawsuit Update

As CryptoPotato reported earlier this month, all parties reached an agreement on the fine that Ripple must pay through a joint motion, which was dismissed by presiding judge Analisa Torres due to a failure to meet specific regulatory criteria.

The deadline for the Commission to file a status report was June 16th, and many in the community expected this to effectively terminate the litigation, but their dreams were dashed. 

The SEC did file a motion, but it requested that the court continue “to hold the appeals in abeyance, with the Commission filing a status report by August 15th, 2025.” In essence, they requested a two-month wait. The court has yet to pronounce on this request, which also summarises the circumstances leading up to it, and argues that both parties agree that the time should be extended:

In view of the foregoing, the parties agree that this court should continue to keep the appeals in abeyance, with the Commission filing a status report on August 15, 2025.

XRP Price Outperforms on the Daily

Trading at roughly $2.24, XRP is up 2.4% on the day, which may not seem like much, but it is the best-performing altcoin among the top 15.

It hit an intraday high of over $2.34, as shown in the chart below, but has subsequently retraced. The broader cryptocurrency market remains unsettled with the current battle between Israel and Iran, with participants anticipating the stance of global military powers such as the United States, China, Russia, and others. 

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