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 Paul Grewal (@iampaulgrewal), a detailed legal explanation has been submitted to the district court, potentially impacting ongoing cryptocurrency-related litigation. This could influence market participants' strategies as legal outcomes may affect regulatory environments.

According to @iampaulgrewal, the U.S. Treasury's handling of the Fifth Circuit's mandate regarding Tornado Cash has been disorganized. There is a call for the district court to comply with the mandate by granting the plaintiffs' motion for partial summary judgment on Count 1, which could significantly impact the legal status and trading dynamics of Tornado Cash.

According to @iampaulgrewal, the USTreasury was unusually quiet yesterday due to the district court's electronic docket being down. This technical issue, while understandable, raises concerns about the Treasury's tendency to overlook Congress's directives in favor of its own legal interpretations, potentially impacting regulatory clarity and enforcement in the cryptocurrency market.