SEC, Ripple File Joint Motion to Suspend XRP Case Appeal


The SEC and blockchain payments company Ripple agreed to suspend their appeals in the ongoing XRP legal battle, indicating a potential move towards a final solution.

The SEC and Ripple agreed to put their appeals on “shelf”, which means the lawsuit is now suspended, awaiting the expected resolution of XRP (XRP) case.

When the parties are jointly and the parties continue to negotiate a settlement of the matter, the shelving will preserve judicial and party resources. ” statement In court filing on April 10.

Ripple CEO Brad Garlinghouse Announced the end of the XRP case On March 19, according to some speculation from the community, the new document implies that once nominated and approved Chairman Paul Atkins is in office, he can be willing to settle at the SEC.

Registration cancels Ripple’s short deadline for April 16

According to James Filan, Ripple’s defense attorney, the new document replaces the April 16 Ripple deadline in response to the January SEC summary. “The solution is awaiting approval from the committee. Write in the April 10 x post.

Some legal observers have suggested that the SEC’s willingness to suspend litigation suggests that the agency can prepare to revoke the case after Atkins’ tenure.

source: James Filan

One user advised: “The SEC is ready to settle but is waiting for Atkins to take on the new SEC head so he can start with the biggest case of his career and start with a huge victory.”

When is Atkins expected to be officially appointed?

Senate Confirm Atkins as new SEC chairman On Wednesday, April 9, it is not clear when he will take office.

Related: XRPL’s “Defining Moment” Hidden Road Ripples Acquisition – Ripple CTO

It may be a few days later that Atkins was sworn in as the new SEC chairman.

Former SEC Chairman Gary Gensler is swear Within three days after his confirmation in 2021, Atkins is recommended to take office on April 12.

Cointelegraph contacted the SEC to comment on when Atkins was expected to be sworn in as the new SEC chairman, but received no response at the time of publication.