{"id":59777,"date":"2025-04-16T17:12:45","date_gmt":"2025-04-16T17:12:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=59777"},"modified":"2025-04-16T17:12:45","modified_gmt":"2025-04-16T17:12:45","slug":"official-update-in-the-ripple-vs-sec-lawsuit-is-settlement-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=59777","title":{"rendered":"Official Update in the Ripple Vs. SEC Lawsuit: Is Settlement Next?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Although Ripple\u2019s CEO has already declared a victory in the legal battle between his company and the US SEC, the actual closure is not yet official.
\nHowever, it seems even closer now as a recent joint motion by both parties was granted.<\/p>\n

<\/a><\/p>\n

Defense lawyer James K. Filan published the order from the United States Court of Appeals for the Second Circuit, which acknowledged and granted the joint motion filed<\/a> by both Ripple and the SEC last week. Recall that the due requested a pause on their individual appeals.<\/p>\n

While this moves the case one inch closer to an official conclusion, the US securities watchdog is yet to make a statement. Moreover, Filan informed that the agency has been directed to file a status report on its legal case activities within 60 days of today\u2019s order.<\/p>\n

#XRPCommunity<\/a> #SECGov<\/a> v. #Ripple<\/a> #XRP<\/a> The parties\u2019 joint motion to hold the appeal in abeyance has been granted. The @SECGov<\/a> is directed to file a status report within 60 days of this Order. pic.twitter.com\/mUgEBaJRuU<\/a><\/p>\n

\u2014 James K. Filan (@FilanLaw) April 16, 2025<\/a><\/p>\n\n

Previously, Ripple CEO Brad Garlinghouse made a triumphant announcement<\/a> on March 19 that the SEC would drop its latest appeal, which effectively meant the end of the lawsuit. A narrative that was later confirmed by the company\u2019s Chief Legal Officer.<\/p>\n

This allowed Ripple to make big moves on the domestic scene by purchasing a leading prime broker in one of the largest deals in the crypto industry, worth over $1.2 billion.<\/p>\n

Although this is expected to be a game-changer<\/a> for XRP and its price, the asset has yet to react positively. It skyrocketed after Garlinghouse\u2019s statement to $2.6 but has declined to $2.1 as of now. It even dumped to $1.6 during last week\u2019s market-wide crash.<\/p>\n

Analysts claim<\/a> that even official recognition from the SEC that the case against Ripple has been dropped won\u2019t impact XRP as it has already been priced in.<\/p>\n

The post Official Update in the Ripple Vs. SEC Lawsuit: Is Settlement Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Although Ripple\u2019s CEO has already declared a victory in the legal battle between his company and the US SEC, the actual closure is not yet official. However, it seems even closer now as a recent joint motion by both parties was granted. Defense lawyer James K. Filan published the order from the United States […]<\/p>\n","protected":false},"author":0,"featured_media":59778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59777"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/59777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/59778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}