Ripple SEC Pause Appeals for Resolution

Ripple and SEC File Joint Motion to Pause Appeals

• The US SEC and Ripple Labs submitted a joint motion to pause their appeals.
• This move follows an agreement-in-principle to resolve their legal dispute.
• The SEC had appealed a ruling that XRP sales were not securities in October 2024.
• Ripple cross-appealed in response to the SEC’s action later that month.
• The parties requested a status report from the SEC within 60 days of the stay order.

In October, the SEC and Ripple filed motions to pause their appeals after agreeing in principle to settle their dispute over XRP’s classification as a security. The parties await internal approval from the SEC for final resolution steps.