SEC, Ripple file joint motion to pause appeals in XRP case

Key Points

  • The SEC and Ripple have agreed to pause their appeals in the ongoing XRP lawsuit, signaling potential settlement talks.
  • The pause in proceedings is to conserve resources while both parties negotiate a resolution.
  • Speculation suggests that incoming SEC chair Paul Atkins might drop the case once he takes office.

Summary

The SEC and Ripple have decided to temporarily halt their appeals in the ongoing legal battle over XRP, as they engage in settlement discussions. This decision was made public through a joint filing on April 10, where both parties agreed to put the appeals in "abeyance" to conserve judicial and party resources. The move comes amidst speculation that the newly confirmed SEC chair, Paul Atkins, might choose to drop the case upon taking office, potentially marking a significant win for Ripple. Ripple's CEO had previously hinted at the case's conclusion, and the latest filing indicates that a settlement is pending commission approval. This development has led to the cancellation of Ripple's upcoming brief deadline, originally set for April 16. The timing of Atkins' official assumption of office remains uncertain, with historical precedent suggesting it could be as soon as a few days after confirmation.

cointelegraph
April 12, 2025
Crypto
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