Ripple Labs (XRP) and the US Securities and Exchange Commission (SEC) have filed a joint motion to suspend their appeals and cross-appeals for 60 days, bringing the long-running saga closer to an official settlement.
The joint motion noted that Ripple and the SEC have reached an agreement-in-principle, pending approval from the SEC, to resolve the legal dispute, including the appeal from the SEC and Ripple’s subsequent cross-appeal.
JUST IN:
THE US SEC AND RIPPLE FILE JOINT MOTION TO PAUSE APPEALS TO FINALIZE SETTLEMENT
BE READY $XRP
— Amonyx (@amonbuy) April 11, 2025
JUST IN:
Ripple’s Near 5 Year Legal Battle With The SEC Finally Coming To A Close
The filing from yesterday (April 10) said, “An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter.”
SEC Vs. Ripple Labs has been the most prominent legal dispute in crypto history. It has been ongoing for nearly five years, starting when the regulatory agency sued Ripple in December 2020 for selling XRP tokens, which the regulator believed had broken federal securities laws.
The case has attracted significant attention over the past five years, always in the public eye. The main debate has always been centered on whether the native Ripple token, XRP, should be considered a financial security.
After years of delays, the case saw a significant shift in Ripple’s favor following Donald Trump’s US Presidential election win. Since Trump’s inauguration in January 2025, the SEC has taken a more favorable stance on digital assets.
Since the beginning of the year, the SEC has dropped lawsuits against multiple crypto firms, including Coinbase, Uniswap, and Kraken.
While the question of whether digital assets are securities was central to the multitude of SEC lawsuits, the agency’s renewed leadership has pivoted to working to identify cryptocurrencies that are not.
The SEC also announced last month that meme coins are not securities. It stressed that those acting illegally or committing fraud would still be held accountable, with the full force of the law brought against them.
— Brett (@Brett_Crypto_X) April 11, 2025
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XRP Turns Green After News Of The SEC And Ripple Pausing Appeals
Ripple Labs native token, XRP, has spiked back above $2 on the SEC news, up around 4% from yesterday’s lows of $1.92 to its current price of $2.01, per CoinGecko.
Once the original news broke in November 2024 that the SEC had dropped its case against Ripple, XRP surged more than 500%, going from $0.5 to $3.31 in January 2025.
It was the news that the Ripple community had been waiting for nearly five years, and the explosion in the price of XRP was monumental. For years, XRP holders believed that the SEC’s vendetta against Ripple was suppressing the price, with many believing it would have been a $100 token without the legal issues.
To coincide with the SEC settlement news, XRP is also looking the most likely to be the next altcoin with a spot ETF listing. As of April 8, 11 asset managers have filed for a spot XRP ETF listing. These include Bitwise, 21shares, Grayscale, and Franklin Templeton.
There were fears that XRP would struggle to hold the $2 level as if it were lost. There wasn’t any significant support until $1. Right now, $2 has held steady, and multiple bullish catalysts look to propel it back toward those all-time high levels of $3.3.
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The SEC and Ripple Labs have filed a joint motion to pause appeals, leading many to believe an official settlement is on the way
- After five years of legal issues, it finally looks as though a conclusion to the Ripple Vs. SEC saga is near
- XRP has moved back above $2 following the news, with many believing $10 is coming next
- 11 of the worlds largest asset managers have now filed for Spot XRP ETF products
The post Ripple And SEC File Joint Request To Suspend Appeals: XRP Surges Back Above $2 appeared first on 99Bitcoins.
