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In a significant development for the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the Second Circuit Court of Appeals has agreed to temporarily pause the appeal proceedings. This decision follows a joint motion from both parties, suggesting potential progress toward a settlement. The update was shared by former federal prosecutor and legal analyst James K. Filan on April 16, 2025.
Signs of a Settlement Behind Closed Doors?
According to the documents filed last week, Ripple and the SEC submitted a joint petition asking the court to halt the appellate process, stating they are exploring a resolution that could render further litigation unnecessary. The court’s acceptance of this request has sparked optimism within the XRP community, with many interpreting it as a strong indicator of behind-the-scenes negotiations.
The order was officially signed by Judge José A. Cabranes of the Second Circuit, putting all active appeal efforts on hold. During this suspension, neither Ripple nor the SEC can initiate new appeal-related actions, effectively freezing the case for the time being.
SEC Ordered to Submit Status Report by Mid-June
In a move that adds both pressure and urgency, the court has ordered the SEC to file a detailed status report within 60 days of the ruling—by June 15, 2025. This document will outline whether the appeal has been resolved and what the next legal steps may be. The crypto industry, especially XRP investors, will be watching this date closely as it could significantly influence Ripple’s regulatory standing and market sentiment.
If the two sides do reach a final settlement, it could be a turning point not only for Ripple but also for how digital assets like XRP are treated under U.S. securities law. As Turkish NY Radio has reported in earlier coverage, such a resolution may finally provide long-awaited regulatory clarity and catalyze a shift in XRP’s price performance.
Community Reaction: Relief and Cautious Optimism
The XRP community has responded positively to the court’s decision to pause the legal process. For many, the suspension signals progress and increases the likelihood of an eventual agreement that could end years of legal uncertainty.
A final settlement would potentially redefine XRP’s position in regulatory frameworks and could lift the shadow of doubt that has weighed on its price for over two years. Legal analysts emphasize that while nothing is finalized yet, the tone of recent filings suggests a more cooperative dynamic between Ripple and the SEC.
Source:
[Second Circuit Court Order – Public Filing Records]
