According to Cointelegraph, Ripple Labs’ legal team requested to postpone the payment of the $125 million fine imposed by the U.S. Securities and Exchange Commission (SEC) on August 7.

On September 4, Ripple's lawyers filed a document in the Federal District Court for the Southern District of New York stating that the SEC agreed to postpone the payment request. The legal team proposed that Ripple deposit 111% of the judgment amount (about $139 million) into a bank account until the expiration of the appeal period or 30 days after any appeal is resolved.

Ripple CEO Brad Garlinghouse called the ruling a "victory for Ripple," and Chief Legal Officer Stuart Alderoty said the company would "respect the $125 million fine."

As of press time, the judge in charge of the case, Analisa Torres, has not yet approved the request. Any appeal could mean that Ripple’s case with the SEC is not over yet.