Ripple and the SEC have joined forces to file a joint motion, effectively pressing the pause button on all appeals—and cross-appeals—for their long-running legal saga. Yes, you read that right: after years of back-and-forth, these two are inching closer to a settlement that seems as inevitable as your morning coffee.
Who Knew Legal Battles Could Be So Entertaining?
A Quick Recap of the Legal Tussle
Remember, this isn’t your typical small claim; it’s been one of crypto’s most headline-making cases in recent years. Last month, following months of hints, rumors, and enough legal jargon to make your head spin, the SEC finally dropped its lawsuit against Ripple. And now, in a surprising twist, both parties decided to hit pause on the fireworks by filing a joint motion. This motion, pending SEC approval, could take up to 60 days before we see any final developments—giving us plenty of time to grab a bowl of popcorn.
Some Numbers and Nods
- The motion could delay proceedings by as much as 60 days.
- Ripple’s cross-appeal, filed back in October, is being wrapped up with this all-inclusive agreement.
- The XRP market? Calm as a cucumber. Despite the lawsuit, XRP’s price remains steady, as if the market already bought tickets to a favorable resolution.
Experts, Skeptics, and a Dash of Humor
Legal eagle James Filan—no direct Ripple minion, mind you—explained that the filing is part of an “agreement-in-principle” to resolve all outstanding issues, including the SEC’s initial appeal and any other lingering claims. It’s almost as if both sides decided it was high time to swap exasperated sighs for an eventual handshake.
#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th. pic.twitter.com/OVKPCIh43H
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 10, 2025
Some folks might wonder why this judicial dance has taken so long—after all, both parties seemed ready to settle over two weeks ago. Well, as with many grand plans (and as history has taught us through other ambitious projects like Mars colonization and Hyperloop promises), patience is a virtue…and sometimes, legal paperwork is just that meticulous.
What's Next?
If this settlement goes through, it might not only settle the score between Ripple and the SEC but also send ripples (pun intended) across U.S. crypto policy—potentially setting a landmark precedent. And if not? Well, we’ll just have to wait 60 days for any new plot twists in this cosmic legal saga.
One thing is for sure: while skeptics might laugh (or cry) at the seemingly endless legal limbo, the steadfast XRP community appears to have priced in a win. After all, sometimes the best bet is to simply enjoy the show.
HODL Team
