Ripple and SEC Request Suspension of Appeals for Negotiated Resolution
- Ripple Labs and the U.S. SEC have filed to suspend their appeals to pursue a settlement.
- An agreement-in-principle has been reached, but final SEC approval is pending.
- The legal dispute began in December 2020 over $1.3 billion in alleged unregistered securities sales.
- Judge Analisa Torres ruled in July that third-party XRP sales were not unregistered securities.
- XRP’s price increased by 300% since November, with only a 0.2% rise in the last 24 hours.
The joint filing by Ripple Labs and the SEC indicates progress towards resolving their legal battle, pending final approval from the SEC for their agreement-in-principle.
Source (2.6)https://decrypt.co/314482/ripple-sec-file-to-suspend-appeals-pending-negotiated-resolution-of-case?rand=52368
