Ripple and the United States Securities and Exchange Commission have jointly filed a motion to suspend their ongoing appeal proceedings. This development signals a major shift in the long-running legal dispute centered on XRP, as both parties have agreed in principle to settle the case.
According to Crypto_Barbie, who shared the court documents on Twitter with credit to legal source @FilanLaw, the joint motion was filed on April 10, 2025. The joint motion demonstrates that Ripple and the SEC continue to develop a settlement despite requiring formal approval from the SEC Commission.
The requesting parties want the court system to delay both the appeal process and cross-appeal. The motion details the Commission’s approval assessment plan before seeking district court authorization if needed. No further briefs will be filed at this stage, including the one initially due on April 16, 2025.
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The filing recaps the procedural timeline of the case, noting that the SEC filed its notice of appeal on October 3, 2024, followed by Ripple’s cross-appeal on October 10, 2024.
The SEC later submitted its opening brief on January 15, 2025. Subsequently, the Court scheduled Ripple’s response and associated briefs for April 16, 2025, a deadline now on hold due to the recent motion.
Ripple and SEC Settlement Awaiting Key Approval
The agreement reached is contingent upon internal SEC approval, which has not yet been granted. If the Commission endorses the terms, both parties intend to seek a final resolution without further appellate litigation. This would bring one of the most closely followed legal battles in the cryptocurrency space to a close.
Both parties presented their case, arguing that postponing court proceedings would stop the court from wasting time and funds. Additionally, the court received official guarantees from both parties concerning any lack of harm caused by delaying the period.
The Commission must file a status update according to the motion within sixty days following a granted stay period. The procedure remains transparent because both parties actively pursue a conclusion to their dispute.
Conclusion
As Ripple and the SEC edge closer to settling their years-long dispute over XRP, the digital asset community is now watching closely for the Commission’s next move. The court’s decision on whether to pause the case could mark the beginning of the end in one of the most pivotal regulatory confrontations in the crypto industry.
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