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Ripple and SEC file joint request to suspend appeals to pursue 'negotiated resolution'

Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a motion to put their appeals and cross-appeals in a 60-day abeyance, stepping closer to an official settlement. 

"An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter," the Thursday filing said.

The legal document noted that Ripple and the SEC have reached an agreement-in-principle, pending SEC's approval, to resolve the legal dispute, including SEC's appeal and Ripple's cross-appeal.

Ripple and SEC file joint request to suspend appeals to pursue 'negotiated resolution'

Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a motion to put their appeals and cross-appeals in a 60-day abeyance, stepping closer to an official settlement. 

"An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter," the Thursday filing said.

The legal document noted that Ripple and the SEC have reached an agreement-in-principle, pending SEC's approval, to resolve the legal dispute, including SEC's appeal and Ripple's cross-appeal.

https://www.theblock.co/post/350506/ripple-and-sec-file-joint-request-to-suspend-appeals-to-pursue-negotiated-resolution