XRP Case Resolution Nears SEC Pauses

Ripple v. SEC Appeal Paused as Settlement Nears

• The US Court of Appeals for the Second Circuit has paused the Ripple v. SEC appeal.
• This pause was granted following a joint motion by both parties involved.
• Circuit Judge José Cabranes signed the order on April 16, putting the appeal “in abeyance.”
• The SEC must submit a status report within 60 days, by June 9, updating on settlement progress.
• Newly appointed SEC Chair Paul Atkins is seen as crypto-friendly and will play a role in internal approval.

The US Court of Appeals has paused the Ripple v. SEC appeal after both parties filed a joint motion, with the SEC required to provide a status report by June 9.