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Ripple SEC settlement is edging closer as both parties filed a joint motion to pause legal appeals for 60 days.
The U.S. Securities and Exchange Commission (SEC) and Ripple Labs are reportedly finalizing an agreement-in-principle. This potential resolution would end one of the most high-profile legal battles in the crypto space. The motion requests a 60-day abeyance to conserve resources while the parties negotiate final terms.
Ripple has been locked in a lawsuit with the SEC since late 2020. The SEC accused Ripple of selling XRP tokens as unregistered securities. The case has had major implications for how crypto assets are classified and regulated in the U.S.
Over the past few months, the SEC has signaled a softer approach toward crypto companies. It dropped suits against Coinbase and Kraken and recently clarified that memecoins are not considered securities. This changing regulatory stance has influenced Ripple’s case trajectory.
Turning tides in crypto law enforcement
Ripple CEO Brad Garlinghouse revealed the SEC pulled its appeal after a court ruled programmatic XRP sales weren’t securities. Ripple, in turn, chose not to move forward with its cross-appeal. These decisions cleared a path for a potential settlement.
The Thursday filing highlighted that a Ripple SEC settlement would streamline court resources. The parties now await approval from the SEC Commissioners before pursuing a district court ruling. The legal community views this as a critical moment for crypto regulation.
Stuart Alderoty, Ripple’s Chief Legal Officer, echoed optimism for a negotiated resolution. Both sides seem willing to avoid prolonging the case, which has spanned more than three years.
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What Ripple SEC settlement means for the crypto industry
If approved, this Ripple SEC settlement could reshape how crypto projects operate in the U.S. It could also encourage other firms to pursue dialogue with regulators rather than face lengthy court battles. A favorable outcome would strengthen Ripple’s position and provide regulatory clarity for XRP.
Crypto markets are closely watching the case. Investors see this as a litmus test for future enforcement actions. The outcome may also influence legislative efforts in Congress around crypto asset definitions.
The SEC’s evolving stance reflects broader changes in political leadership. Under the new administration, there’s greater interest in encouraging innovation while protecting investors.
The resolution could unlock XRP’s full potential in payment systems and cross-border transfers. XRP remains one of the most recognized cryptocurrencies despite its legal hurdles.
Developers and blockchain businesses are hopeful that the Ripple SEC settlement brings closure and a clearer regulatory path. As the crypto space matures, legal clarity will be essential for mass adoption and innovation.
