Ripple and SEC Request Court to Pause Appeals for Settlement

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have filed a motion to pause their appeals, indicating potential settlement progress in a dispute regarding Ripple's XRP token sales.

Key points include:

The case has been ongoing since December 2020, centered on whether XRP tokens are unregistered securities.
Ripple maintains that XRP is a currency, outside the SEC’s jurisdiction.
An “agreement in principle” has been reached to resolve all outstanding issues, including appeals related to the district court's judgment and claims against Ripple founders.
The motion seeks to pause the appeals process while final terms of the settlement are negotiated, pending formal SEC approval.
This request follows a similar motion by the SEC and Gemini for a two-month pause in their legal dispute.