Ripple and the SEC File Joint Motion to Halt Legal Proceedings
- Ripple and the SEC filed a joint motion to halt legal proceedings as the case nears final settlement.
- The long-standing Ripple vs SEC lawsuit has come to an end this year amidst a regulatory shift in the US.
Ripple and the SEC made it to the headlines today for filing a joint motion to pause further legal proceedings. The long-standing lawsuit that became extremely popular in the crypto industry is finally going to be a history in the next few weeks.
Ripple took a hit when the US SEC filed a lawsuit against the firm for violating securities laws in 2020. The lawsuit has impacted the firm and its native token adversely for the past 4 years. Even when the whole market was on a bull run in 2021, Ripple couldn’t benefit from it due to the lawsuit.
The Ripple vs SEC lawsuit has been crucial for the entire crypto industry regulation. It is finally going to end in the next few years as the US government turned crypto firneldy after Trump’s re-election in 2024.
Both entities filed a joint motion yesterday to pause appeals and any further legal proceedings to finalize the settlement. Defense lawyer James K. Filan confirmed the news on his official X account post earlier today. Both parties agreed to hold appeals in abeyance. The upcoming brief on April 16th is no longer needed.
Ripple Plans Business Expansion as Lawsuit Nears End
Ripple Labs is planning business expansion as its SEC lawsuit approaches an end. It announced a strategic acquisition of prime broker Hidden Road for $1.25 billion last week. This marked one of the largest deals of Ripple as well as in the history of the crypto industry.
The acquisition is also a statement that Ripple is back on track, as its lawsuit is no longer a threat to the firm. It made Ripple the first crypto company to own a multi-asset prime broker that operates across the globe.
The crypto market is continuing its volatility and uncertainty amidst uncertain global macroeconomic conditions. Ripple’s native token XRP is trading at $1.99 with a slight increase of 0.28% in the last 24 hours. As its parent company is going to be clear of lawsuits, we might witness an XRP price rally in the coming few weeks.
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Ripple and the SEC File Joint Motion to Halt Legal Proceedings
- Ripple and the SEC filed a joint motion to halt legal proceedings as the case nears final settlement.
- The long-standing Ripple vs SEC lawsuit has come to an end this year amidst a regulatory shift in the US.
Ripple and the SEC made it to the headlines today for filing a joint motion to pause further legal proceedings. The long-standing lawsuit that became extremely popular in the crypto industry is finally going to be a history in the next few weeks.
Ripple took a hit when the US SEC filed a lawsuit against the firm for violating securities laws in 2020. The lawsuit has impacted the firm and its native token adversely for the past 4 years. Even when the whole market was on a bull run in 2021, Ripple couldn’t benefit from it due to the lawsuit.
The Ripple vs SEC lawsuit has been crucial for the entire crypto industry regulation. It is finally going to end in the next few years as the US government turned crypto firneldy after Trump’s re-election in 2024.
Both entities filed a joint motion yesterday to pause appeals and any further legal proceedings to finalize the settlement. Defense lawyer James K. Filan confirmed the news on his official X account post earlier today. Both parties agreed to hold appeals in abeyance. The upcoming brief on April 16th is no longer needed.
Ripple Plans Business Expansion as Lawsuit Nears End
Ripple Labs is planning business expansion as its SEC lawsuit approaches an end. It announced a strategic acquisition of prime broker Hidden Road for $1.25 billion last week. This marked one of the largest deals of Ripple as well as in the history of the crypto industry.
The acquisition is also a statement that Ripple is back on track, as its lawsuit is no longer a threat to the firm. It made Ripple the first crypto company to own a multi-asset prime broker that operates across the globe.
The crypto market is continuing its volatility and uncertainty amidst uncertain global macroeconomic conditions. Ripple’s native token XRP is trading at $1.99 with a slight increase of 0.28% in the last 24 hours. As its parent company is going to be clear of lawsuits, we might witness an XRP price rally in the coming few weeks.
Highlighted Crypto News Today:
Trump Repeals IRS DeFi Broker Rule, Reversing Biden-Era Crypto Policy
Read More
Garlinghouse Shoots Down 2025 IPO Rumors; Analysts Still Bullish on XRP