SEC, Ripple file joint motion to pause appeals in XRP case
The SEC and Ripple have paused XRP lawsuit appeals amid ongoing settlement talks and speculation that incoming SEC chair Paul Atkins may drop the case.
The US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a final settlement.
The SEC and Ripple agreed to put their appeals in “abeyance,” meaning the proceedings are now paused pending an anticipated settlement of the XRP (XRP) case.
“An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter,” the parties jointly stated in an April 10 court filing.
