On April 10, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly submitted a motion to the Second Circuit Court of Appeals to suspend their appeals process, stating that both parties have reached a principled settlement agreement and are finalizing the terms, pending formal approval from the SEC. According to documents released by attorney James Filan, this agreement will resolve the SEC's appeal, Ripple's counter-appeal, and related charges against CEO Brad Garlinghouse and co-founder Chris Larsen. If the motion is granted, both parties will no longer need to submit defense materials as originally scheduled on April 16, and the case will officially enter the countdown phase for settlement. (CryptoSlate)

On April 10, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly filed a motion with the Second Circuit Court of Appeals to suspend their respective appeal processes, stating that the two parties have reached a principled settlement agreement and are finalizing the terms, pending formal approval from the SEC. According to documents published by attorney James Filan, this agreement will resolve the SEC's appeal, Ripple's counter-appeal, and the related charges against CEO Brad Garlinghouse and co-founder Chris Larsen. If the motion is approved, both parties will no longer be required to submit their defense materials as originally scheduled on April 16, and the case will officially enter the countdown phase for settlement. (CryptoSlate)

The SEC and Ripple have submitted a joint motion to suspend the appeal in order to seek settlement terms.