Ripple vs. SEC: Court Grants Joint Motion to Pause Appeal SEC Given 60 Days for Next Move
- The Ripple vs. SEC case has been officially stopped by the U.S. Court of Appeals, and now the SEC has 60 days before providing a status update.
- A legal pause could give a chance for private talks or even a settlement between Ripple and the SEC.
- The outcome of the case will make a huge change into future cryptocurrency regulation and classifications of tokens in the U.S.
In a new twist to the lawsuit saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) (the Ripple vs. SEC case), the United States Court of Appeals for the Second Circuit has agreed to halt the appeal process.
An order dated April 16, 2025, from the court granted this request and allowed SEC 60 days to amend the status update. Reports reveal that both sides, Ripple and the SEC, mutually agreed to have the appeal halted temporarily.
Judge José Cabranes Orders Ripple Vs. SEC Case Halt
A document posted online by crypto commentator Brett (@Brett_Crypto_X) reveals that Circuit Judge José A. Cabranes approved the motion. Now that this development is complete, the Ripple vs. SEC case will be on hold for now so that either party can go behind the scenes to negotiate or choose to reassess their respective positions before continuing the case.
The case in question involves Ripple Labs, the creators of the cryptocurrency XRP, as well as top executives including Bradley Garlinghouse, the CEO, and Christian Larsen. The suit was brought forward in the first place by the SEC against Ripple Labs, accusing the company of selling XRP as an unregistered security.
This has been one of the most high-profile cases within the crypto industry and has affected XRP both in terms of its reputation and price over the last few years. With the SEC required to file a status report regarding the case within 60 days, any major news about it probably wont be out until mid-June 2025.
Experts Anticipate Huge Impact of Ripples Fate On Crypto
The halting of the Ripple vs. SEC legal case is occurring as the U.S. regulatory environment surrounding crypto is being closely monitored. XRP experts say the verdict of this case could have huge implications for other cryptocurrencies besides XRP as well.
This could influence the way in which the next projects list their tokens and launch them. It could also affect how exchanges list new assets and which investors should invest in the crypto space in the United States.
Read more: https://www.tronweekly.com/ripple-vs-sec-court-grants-pause-appeal/
Text source: TronWeekly
