US Appeals Court Grants Pause In SEC Vs Ripple Lawsuit Appeal

SEC and Ripple pause legal battle to finalize settlement, update due by June 9
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In a significant development for the long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the U.S. Court of Appeals for the Second Circuit has granted a joint motion Wednesday to pause the appeal in their case.

This decision allows both parties to focus on finalizing a settlement agreement that could bring an end to their multi-year dispute. As part of the court order, the SEC must submit a status report within 60 days, by June 9, to update the court on the progress of the settlement talks.

#XRPCommunity #SECGov v. #Ripple #XRP The parties’ joint motion to hold the appeal in abeyance has been granted. The @SECGov is directed to file a status report within 60 days of this Order. pic.twitter.com/mUgEBaJRuU

— James K. Filan

(@FilanLaw) April 16, 2025

Why is Pausing the Appeal a Positive Step for Settlement?

Putting the appeal “in abeyance,” as this pause is known…

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