tl;dr
The SEC and Ripple have filed a joint motion to pause any appeals and cross-appeals, signaling a potential settlement. The XRP market has factored in the likelihood of a resolution. The parties are close to a final agreement, with the settlement pending Commission approval. Any further procedural de...
SEC and Ripple file joint motion for settlement, potentially halting appeals
SEC vs Ripple case nears final agreement, with joint motion signaling settlement
XRP market adjusts to likelihood of SEC-Ripple settlement
Settlement agreement-in-principle reached between Ripple and the SEC
Ripple and SEC's joint motion suggests further 60-day procedural timeline
Potential landmark implications for US crypto policy as Ripple-SEC settlement progresses
The SEC and Ripple have filed a joint motion to pause any appeals and cross-appeals, signaling a potential settlement. The XRP market has factored in the likelihood of a resolution. The parties are close to a final agreement, with the settlement pending Commission approval. Any further procedural developments may take up to 60 days. The settlement, once finalized, could have significant implications for US crypto policy.
The SEC and Ripple filed a joint motion today, asking a US Appeals Court to halt any appeals and cross-appeals between the two parties. This is a prelude to a formal settlement, which both parties are inclined towards. The filing notes that any further procedural developments may take up to 60 days despite expectations that the outcome is largely predetermined. In the meantime, the XRP market appears to have priced in the likelihood of a resolution.
SEC VS RIPPLE CASE
The SEC vs Ripple case has been one of crypto’s most important legal battles over the last few years. After months of hints and credible rumors, the Commission finally dropped its lawsuit last month. Today, both parties are getting close to a final agreement, filing a joint motion regarding one of the case’s remaining loose ends. Specifically, the loose end between Ripple and the SEC regards Ripple’s cross-appeal, which was filed last October. With this new joint motion, the two parties have “reached an agreement-in-principle” to resolve all outstanding business. This includes the SEC’s initial appeal, the aforementioned cross-appeal, and any other claims involving individual actors. The joint motion also mentions that further progress may take another 60 days. When they completely finalize a settlement, it could likely have landmark implications for US crypto policy.