Ripple and SEC Agree to Pause $125M Ruling With Appeal on the Horizon
Ripple and the SEC have agreed to pause the $125 million payment, but will they appeal the final ruling? (Photo by Alex Wong/Getty Images)
- The U.S. SEC originally sought $1.9 billion in total fines from Ripple.
- The Presiding Judge has not yet confirmed the request to delay payments.
- XRP remains unmoved by the news and is trading at $0.55.
The battle between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC) may not be over yet. Both parties decided to pause the final judgment payment, signaling potential appeals from either party.
Ripple Payment Paused
As per the recent filing , Ripple and the SEC have agreed to halt XRP’s $125 million payment following the final judgment in their lengthy court case.
The payment was due this Friday, but Ripple’s Sept. 4 filing requests that the courts decide to delay it. This filing reveals that Ripple and the SEC have agreed to pause the obligation while they mull their next moves.
The document reads that Ripple and the SEC have agreed to have 111% of the $125 million held in the bank account of a trusted law firm. It will remain there for 30 days after the appeal window closes, or at least until any appeal is resolved.
The request protects the SEC by ensuring the funds are available. It also gives Ripple breathing room to avoid the costs of providing a bond for the penalty. The funds can only be used to pay the judgment, but if it is reversed, the pair must etch out another agreement to determine what happens to the funds.
Appeals Pending?
Ripple’s latest filing has raised concerns that an appeal is inevitable. Since Judge Torres’s final judgment was issued on Aug. 7, neither party has declared plans to appeal.
Ripple previously said it was satisfied with the judgment’s monetary aspects, and Brad Garlinghouse has previously denied such intentions. But this move to pause the payment would suggest an appeal is on the way.
It’s not understood what or why Ripple would appeal. For the SEC, an appeal would only extend the courtroom drama into 2026 and perhaps establish a precedent for their other crypto lawsuits.
XRP Price
In the wake of these developments, legal expert Fred Ripsoli has taken to X to dispel any worries that it will dampen XRP’s performance in the next bull run:
“To those freaking out over possible #SECvRipple appeal: Don’t.”
He notes that the SEC’s numerous crypto lawsuits and allegations have reduced Ripple’s “sting.” Furthermore, if either party appeals, the Second Circuit is unlikely to make a decision until 2026.
The XRP token has experienced volatility that is in line with every other major crypto, at the time of writing. The news appears to have barely touched the token’s price , which currently hovers at $0.55.
