According to Eleanor Terrett, both the SEC and Ripple have jointly filed a status report with the Second Circuit, formally requesting the court to maintain the current pause on appeals until the district court issues its decision. This procedural move signals a continued delay in potential regulatory clarity for XRP (Ripple) traders, which may contribute to short-term uncertainty and range-bound price action for XRP until a clear legal outcome is delivered. Source: Eleanor Terrett on Twitter.

According to Eleanor Terrett, Coinbase is in a unique position among crypto firms in litigation as their lawsuit has been halted. Judge Failla granted the company permission to file an interlocutory appeal at the Second Circuit, potentially impacting trading strategies and legal positioning.