The legal fight between the US Securities and Exchange Commission (SEC) and Ripple may be coming to an end.
Both sides recently agreed to pause their appeals, which could be a step toward settling the long-running case involving the XRP
$2.03
token.
In a joint court filing made on April 10, the SEC and Ripple asked to place the appeals “in abeyance”, meaning they will hold off on further action for now. The filing explained that taking a break from the process would help save time and resources while both parties work on a possible settlement.
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Ripple’s legal representative, James Filan, commented in an April 10 post on X that this decision cancels the earlier April 16 deadline for Ripple to respond to a brief from the SEC.
Others in the crypto community believe this pause suggests the SEC is open to resolving the case. Some have pointed out that the agency might be waiting for Paul Atkins to officially take over as SEC Chair before finalizing the deal.
Ripple’s CEO, Brad Garlinghouse, had already said on March 19 that the legal dispute was effectively over. The latest filing appears to support that claim, and some believe that the final steps are tied to leadership changes at the SEC.
Recently, Nova Labs, the company behind Helium
$2.94
, a decentralized wireless network, announced that the SEC officially closed its case against them. What did the company say about it? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
