In a major twist in the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the U.S. Court of Appeals has officially approved a joint motion from both parties to pause the appeal proceedings. What does it mean? All signs point to a potential final settlement of one of the most high-profile crypto lawsuits to date. 🏛️⚖️
✍️ What exactly happened?
Ripple and the SEC jointly requested the court to put the ongoing appeal on hold, and the court granted their request. The Commission (SEC) is now required to submit a status report within 60 days. This effectively pauses the legal appeals while both parties work toward finalizing a settlement.
💼 Why pause the appeal?
The main goal is to save time, resources, and legal costs. Both Ripple and the SEC are hoping to reach a resolution without further courtroom clashes. Back in March, Ripple withdrew its own appeal after the SEC indicated it would do the same. Now, they just need to finalize the settlement terms and obtain the Commission’s official approval.
💰 How much will Ripple actually pay?
As part of the proposed agreement, Ripple will only pay $50 million out of the original $125 million fine imposed by Judge Analisa Torres. Additionally, the standard court injunction against Ripple would be lifted. If this is approved, the court will proceed to officially confirm the settlement.
❓ What’s causing the delay?
The final green light from the SEC is still pending. Speculation suggests that they may be waiting for newly appointed SEC Chairman Paul Atkins to officially assume his role. He has already been confirmed by the U.S. Senate, and once sworn in by President Trump, the Commission could give the go-ahead.
✅ In Summary:
🔹 Court has approved Ripple and SEC's request to pause appeals
🔹 Ripple would pay only $50 million instead of $125 million
🔹 Both sides await SEC’s formal approval of the deal
🔹 New SEC Chair Paul Atkins may play a key role in finalizing it
🔹 The end of the XRP vs. SEC saga may finally be in sight!
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