- Ripple/SEC joint request strongly signals settlement is being finalized now
- Landmark XRP case likely nearing imminent end; SEC approval still needed
- April 16 deadline adds pressure, matches expert predictions of resolution soon
Ripple Labs Inc. and the U.S. Securities and Exchange Commission have jointly asked the court for a pause in their legal case signaling that both sides are working to finalize a settlement agreement.
A joint motion filed on April 10 with the U.S. Court of Appeals for the Second Circuit details their plan to resolve all outstanding court actions, including the SEC’s appeal and Ripple’s own cross-appeal. This development follows years of legal contention regarding whether Ripple’s XRP sales violated federal securities laws.
Why Did Ripple and the SEC Ask to Pause Their Court Case?
According to the court filing, Ripple, company executives Brad Garlinghouse and Christian Larsen, and the SEC have agreed in principle to conclude the case, pending formal approval from the Commission.
However, this agreement still requires formal approval from the SEC Commission itself. The document states that additional time is needed to obtain this approval and seek a district court ruling if the agreement moves forward.
Attorneys for both parties stated that halting the case temporarily would preserve resources for the court and involved parties. The case has remained active for over four remains closely followed due to its impact on how digital assets are regulated in the United States.
Is a Ripple vs. SEC Settlement Likely Before April 16?
Attorney Fred Rispoli, who closely tracks the case, estimates there’s a 90% chance that a resolution will be reached or the SEC will withdraw its appeal by April 16, the deadline for Ripple to file its legal brief.
Rispoli believes the two sides might have already privately settled on terms, even though the SEC has not yet made a formal public statement.
What Was the Original Ripple vs. SEC Fight About?
The core legal question in the case was whether Ripple’s sales of XRP amounted to an unregistered offering of securities.
A prior ruling found that XRP’s sales on digital exchanges did not qualify as securities, a specific finding that appellate courts have not yet overturned.
Related: SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity
What’s This Last-Minute “Emergency Filing” Dispute?
Separate from the settlement motion, the court received an “emergency filing” request linked to evidence about the XRP case.
The request, addressed to Judge Analisa Torres, reportedly connects to documents from an unrelated SEC enforcement action against a different individual. However, the SEC opposed the filing, citing procedural issues and a lack of jurisdiction.
Related: SEC Upholds Procedure, Keeps Ripple Case Focused on Appeal Track
The Commission further argued that Ripple could decide independently whether to incorporate the evidence and maintained that the emergency request was unnecessary at this stage of proceedings.
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