The SEC and Ripple have reached a preliminary settlement protocol, and both parties applied to suspend the appeal process.

GateUser-6433627c · 2025-04-11T01:42:13+00:00

The SEC and Ripple have reached a principled settlement protocol, applying to suspend the appeal process pending approval from the SEC committee. If approved, they will apply to the district court for a declaratory judgment, and a final settlement may be imminent.

GateUser-6433627c

2025-04-11 01:42:13

Abstract generation in progress

[SEC and Ripple Reach Preliminary Settlement Protocol, Both Parties Apply to Suspend Appeal Process] On April 11, news broke that former U.S. federal prosecutor James K. Filan disclosed that the SEC and Ripple have jointly submitted a motion to the U.S. Court of Appeals for the Second Circuit, requesting to “suspend the hearing” (abeyance) of both parties’ appeals and cross-appeals, on the grounds that they have reached a “principled settlement protocol” that is currently awaiting approval from the SEC Commission. If approved, they will apply for a declaratory judgment in the district court. The court has canceled the original schedule for submitting defense materials on April 16. This motion marks a potential final settlement in the case.

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