币界网报道：Ripple's legal battle with the U.S. SEC may extend into 2025 as settlement talks stall, with the SEC now expected to appeal the recent ruling that XRP is not a security when sold to retail investors. The prolonged case continues to impact XRP's market performance, despite Ripple's partial victory in July 2023 when Judge Analisa Torres ruled that programmatic sales of XRP did not constitute securities offerings. Legal experts suggest the SEC's appeal could take 12-18 months, potentially delaying final resolution until mid-2025. Ripple CEO Brad Garlinghouse remains optimistic, citing growing institutional adoption of Ripple's payment solutions, while critics argue the uncertainty hampers broader cryptocurrency regulatory clarity. The case's outcome could set important precedents for how other cryptocurrencies are classified and regulated in the U.S.