Reading Between the Lines of Ripple/SEC’s Joint Request to Halt Case

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 obtai… The post Reading Between the Lines of Ripple/SEC’s Joint Request to Halt Case appeared first on Coin Edition .