The long-running legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the cryptocurrency XRP, has entered a new phase. On April 16, 2025, an appellate court granted a joint request from Ripple and the SEC to pause the ongoing appeal for 60 days. This pause follows months of discussions and an apparent agreement between Ripple's CEO and SEC staff regarding a potential settlement. The SEC has also decided to drop its appeal in the case. A status update from the SEC is expected by June 15, 2025. The court's decision to suspend the appeal signals progress toward a possible resolution after more than four years of litigation.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io