Key Takeaways:
- SEC and Ripple have jointly paused their XRP case appeals, signaling ongoing settlement discussions.
- The filing halts Ripple’s April 16 response deadline and awaits SEC commission approval.
- Paul Atkins’ upcoming SEC chairmanship could catalyze a final resolution to the long-running case.
The U.S. Securities and Exchange Commission (SEC) and Ripple have agreed to pause their ongoing appeals in the XRP legal case, indicating progress toward a potential settlement.
In a joint court filing on April 10, both parties requested to place the appeals in abeyance to conserve resources while negotiating a resolution.
#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th. pic.twitter.com/OVKPCIh43H
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 10, 2025
Ripple CEO Brad Garlinghouse previously suggested the case was effectively over as of March 19.
The pause has renewed speculation that a settlement is imminent, particularly with Paul Atkins, recently confirmed as the next SEC chair, expected to take office soon.
Ripple’s legal team also confirmed that the April 16 deadline to respond to an SEC brief has been canceled.
Ripple attorney James Filan noted the settlement is pending commission approval.
Legal analysts see the SEC’s move as a sign it may be ready to conclude the high-profile case once Atkins assumes office.
With the Senate confirming Atkins on April 9, his swearing-in could come as early as April 12, mirroring the timeline of former chair Gary Gensler.
Some speculate Atkins may want to resolve the case early in his tenure.
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