Ripple and the SEC Seek Delay of Judgment

Following a recent breakthrough in the XRP lawsuit, in which CNF highlighted that Ripple is set for a major victory as the SEC hesitates to appeal, Ripple has asked to halt the payment of $125 million it owes the SEC, days before the deadline in the ongoing XRP lawsuit.

This comes after Judge Analisa Torres ordered the payment last month. Ripple and the SEC agreed to delay the payment while they prepare for a possible appeal. While Ripple has previously denied plans to appeal, some former SEC lawyers believe an appeal is likely.

According to attorney Fred Rispoli, the chances of an appeal have increased after an agreement was reached to put 111% of the judgment in trust.