Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a request to suspend their respective appeals as they “pursue a negotiated resolution” of their long-running case.

As detailed in a filing submitted yesterday to the U.S. Court of Appeals for the Second Circuit, the two parties have already reached an agreement-in-principle, with Ripple CEO Brad Garlinghouse revealing last month that the SEC would be dropping its appeal.

Yesterday’s application represents the first official confirmation that the SEC has indeed dropped the appeal it lodged in October, while it also confirms that Ripple seeks to drop its cross-appeal.

Yet the document also makes clear that the agreement-in-principle between the two parties has not gained final approval from the SEC.