{"id":126985,"date":"2025-04-11T10:16:43","date_gmt":"2025-04-11T10:16:43","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126985"},"modified":"2025-04-11T10:16:43","modified_gmt":"2025-04-11T10:16:43","slug":"sec-ripple-file-joint-motion-to-pause-appeals-in-xrp-case","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126985","title":{"rendered":"SEC, Ripple file joint motion to pause appeals in XRP case"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a final settlement.<br \/>\nThe SEC and Ripple agreed to put their appeals in \u201cabeyance,\u201d meaning the proceedings are now paused pending an anticipated settlement of the XRP (XRP) case.<br \/>\n\u201cAn abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter,\u201d the parties jointly stated in an April 10 court filing.<br \/>\nRipple CEO Brad Garlinghouse previously announced the end of the XRP case on March 19, and the new filing hints that the SEC is ready to settle once nominated and approved Chair Paul Atkins takes office, according to some community speculation.<br \/>\nThe filing cancels Ripple\u2019s April 16 brief deadline<br \/>\nAccording to Ripple\u2019s defense attorney, James Filan, the new filing supersedes the April 16 deadline for Ripple to respond to the SEC\u2019s brief filed in January. \u201cThe settlement is awaiting commission approval. No brief will be filed on April 16,\u201d Filan wrote in an April 10 X post.<br \/>\nSome legal observers suggested the SEC\u2019s willingness to pause the proceedings indicates that the agency may be prepared to drop the case after Atkins assumes office.<br \/>\nSource: James Filan\u201cSEC is ready to settle but is waiting for Atkins to take the helm as the new SEC chief so he can start off with dropping the biggest case of their career and start with a huge win,\u201d one user suggested in a reply to Filan\u2019s thread on X.<br \/>\nWhen is Atkins expected to officially assume office?<br \/>\nWhile the Senate confirmed Atkins as the new SEC chair on Wednesday, April 9, it\u2019s unclear when he will take office.<br \/>\nRelated: Ripple acquisition of Hidden Road a \u2018defining moment\u2019 for XRPL \u2014 Ripple CTO<br \/>\nIt could be several days before Atkins is sworn into office as the new SEC chair.<br \/>\nFormer SEC Chair Gary Gensler was sworn in three days after his confirmation in 2021, suggesting Atkins could take office as soon as April 12.<br \/>\nCointelegraph approached the SEC for comment on when Atkins is expected to be sworn in as the new SEC chair but had not received a response by the time of publication.<br \/>\nMagazine: XRP win leaves Ripple and industry with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/sec-ripple-joint-motion-pause-appeal-xrp-case?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126985"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126985"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126985\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126985"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}