Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested the Second Circuit Court to pause the appeals process in their ongoing legal battle. The request, filed on June 16, 2025, aims to allow time for a potential settlement, with the SEC expected to provide a status update by August 15, 2025. This move follows a previous settlement proposal, which included Ripple paying a $50 million penalty, that was rejected by the district court in May. In the wake of these developments, XRP's price experienced a 7% increase, peaking at $2.34 before stabilizing at $2.23. The outcome of the settlement talks could significantly impact the case's trajectory and Ripple's future operations.