SEC and Ripple, if the court grants the indicative ruling requested on June 12, 2025, intend to petition the U.S. Court of Appeals for the Second Circuit to remand the case to the district court for formal resolution and approval of the settlement agreement

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If the court grants the indicative ruling, the SEC and Ripple intend to petition the U.S. Court of Appeals for the Second Circuit to remand the case for formal resolution in the district court.