The legal team defending Ripple Labs against the U.S. Securities and Exchange Commission (SEC) has requested a stay of the monetary portion of the judgment requiring Ripple to pay $125 million.
The motion, filed Sept. 4, seeks a stay of payment and proposes that Ripple deposit 111 percent of the amount – about $139 million – into a bank account.
That deposit will be forfeited until 30 days after the appeal period expires or any appeal is resolved.
The Securities and Exchange Commission (SEC) agreed to this request, signaling the possibility of an impending appeal.
Although the August 7 ruling was hailed as a “victory” by Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderotti, current developments suggest the case may not be fully resolved.
Judge Annalisa Torres has not yet approved the request for a stay, and both parties have 60 days to file an appeal.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.