The SEC and Ripple have reached a preliminary settlement agreement, and both parties have applied to suspend the appeal process
2025-04-11 01:05:29
On April 11, according to former U.S. Attorney James K. Filan, the SEC and Ripple have jointly filed a motion with the U.S. Court of Appeals for the Second Circuit to "abeyance" their appeals and cross-appeal proceedings, on the grounds that the two parties have reached a "settlement agreement in principle" and are currently awaiting approval by the SEC committee. If approved, a confirmation ruling will be applied to the District Court. The court has cancelled the original schedule for filing defense materials on April 16. This motion signals that the case may be about to usher in a final settlement.
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