The SEC file status report for Ripple XRP appeal is completing the court decision.

By Crypto Gloom On Aug 17, 2025

Main takeout

SEC and Ripple Labs have requested to dismiss each appeal in ongoing legal events in connection with XRP.
The two parties have submitted joint regulations to dismiss the appeal process, which is currently waiting for the Appeals Court approval.

The US Securities and Exchange Commission (SEC) filed a status report to the Court of Appeals, and according to the update of the defense lawyer James Filan, the agency and Ripple Labs have submitted joint regulations to dismiss the appeal and close the XRP case.

#XRPCOMMUNITY #Secgov five. #ripple #xrp that @secgov Submitting a status report to the Court of Appeals, the parties have submitted joint regulations on the dismissal of appeals and pointed out that they are waiting for the court’s approval because the regulations are maintained. pic.twitter.com/x74wfrhswq

-James K. Filan. (@filanlaw) August 15, 2025

This submission will fulfill the requirements in July, when the lawsuit procedure was held in the Court of Appeals while trying to finish the conditions defined in July.

The request proposed to assign a $ 125 million penalty of Ripple in southern New York, returning to the SEC and $ 75 million to Ripple. But Judge Analisa refused to bid.

The SEC and Ripple are now waiting for the appeal court’s approval to officially dismiss the appeal.

According to the SEC, if the case is approved, the incident is executed, and the Ripple must meet the fines of $ 125 million and comply with the conditions of the ban.

This results keep the decision of the Torres judge, which XRP is not considered as security in the second transaction, but the sale of certain institutions is subject to the Securities Act.