The United States Court of Appeals for the Second Circuit has temporarily paused the appeal process in the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission.
This comes after both parties jointly requested a halt, which Judge José A. Cabranes officially granted earlier this month.
According to court filings, the SEC must provide a formal status report within two months to update the court on its position. Until then, the case will remain inactive, with no further arguments or rulings expected.
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This legal pause closely follows the resignation of former SEC Chair Gary Gensler, who led the agency’s aggressive enforcement campaign against crypto firms. Following his departure, the SEC chose to eliminate its appeal of the Ripple case, suggesting a change in regulatory measures.
Ripple stopped pursuing its counterappeal, as the parties agreed to undisclosed conditions before settling their dispute. Multiple members of the XRP community expressed both approval and dissatisfaction because the case is still underway, although some chose to accept this outcome.
Leadership Change Signals Regulatory Shift in Crypto Enforcement
Despite the case progressing toward closure, XRP’s price has declined by 2 percent in the past 24 hours. Analysts note that the pause, though legally seen as a positive sign, had already been factored into the market, limiting any price reaction.
The departure of Gary Gensler led to the SEC withdrawing its legal actions from major cryptocurrency companies, including Kraken, Coinbase, Uniswap, and Consensys. The agency now makes clear changes in direction under the leadership of its new officials.
Paul Atkins received his nomination confirmation from the United States Senate after earning a reputation as friendly toward cryptocurrency. After taking office, it is anticipated that he will resolve the Ripple dispute and address other regulatory issues currently being addressed.
Conclusion
The Ripple case is now on hold, and we are awaiting the SEC’s next move under new leadership. While the legal battle appears to be winding down, XRP holders continue to wait for a definitive end to the long-running dispute.
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