Judge Grants SEC Approval to File Appeal in Ripple XRP Case: What's Next?
The Ripple vs SEC saga continues! A U.S. Securities and Exchange Commission (SEC) has been given the green light to file its motion for leave and pursue an appeal against Ripple Labs’ XRP crypto. This marks a significant turning point in the long-running Ripple vs SEC battle that might finally be wrapping up this year.
The decision follows an earlier ruling that XRP transactions through 5 de sept. de 2025 were not considered securities, a partial victory for Ripple. However, the SEC, determined to challenge this outcome, sought permission to appeal, and a federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through 5 de sept. de 2025.
Key Developments: Sealing of Documents and Penalty Holding
Adding another layer to the proceedings, A U.S. District Court judge has approved the request to seal key documents in the ongoing legal case between Ripple and the SEC. The ruling, made by Senior District Judge Phyllis J., underscores the sensitive nature of the information involved. Furthermore, Judge Torres approved proposed order by Ripple to hold a $125 million penalty as the SEC mulls appeal. SDNY Court has agreed on keeping 111% of the judgment, providing assurance pending the outcome of the potential appeal.
Implications for the Crypto Market
The outcome of this potential appeal carries significant implications for the broader crypto market. A successful appeal by the SEC could set a precedent for how other cryptocurrencies are classified, potentially leading to increased regulatory scrutiny and uncertainty. Conversely, if the SEC's appeal is unsuccessful, it could solidify XRP's position and provide much-needed clarity for the digital asset space.
What to Expect Next?
With settlement talks and a critical SEC meeting this week, the stakes are higher than ever. The SEC must now file its motion for leave to appeal, outlining its arguments and justification for why the earlier ruling should be overturned. Ripple will then have the opportunity to respond, and the court will ultimately decide whether to grant the SEC's request for an appeal. Stay tuned for further updates as this crucial legal battle unfolds.