SEC and Ripple’s Shocking Truce: Crypto Drama Finally Napping? 😴💰

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Well, it appears that after years of courtroom cat-and-mouse, Ripple Labs and the U.S. SEC have decided to hit pause—like they suddenly remembered they left the oven on. On April 10, 2024, these adversaries filed a joint motion in a move that smacks of mutual exhaustion and the faint hope of a peaceful resolution over XRP.

The saga kicked off in December 2020 when the SEC, never one to shy away from drama, accused Ripple of peddling XRP as an unregistered security. It was the sort of scandal that makes you wonder if the lawyers were just bored enough to invent new accusations.

Fast-forward to July, when a judge ruled that Ripple had indeed tiptoed over securities laws during its institutional sales—while granting a partial reprieve by declaring that secondary market XRP sales weren’t as scandalous. Because, really, why give the SEC all the satisfaction?

Naturally, the SEC wasn’t about to let that stand. In October, they promptly appealed the decision, prompting Ripple to fire off a cross-appeal with all the gusto of someone who’s had one too many lawyer jokes at a dinner party. Now, they’re both ready to join hands (figuratively, of course) and hit the snooze button on the legal deadlines.

The motion requests a pause on all appeal-related deadlines—including one fast-approaching on April 16—so they can hash out the finer points of what might be called a “settlement” (if you can believe it). Attorney James Filan even hinted that this detente might wrap up the appeals and the SEC’s extra claims against Ripple’s top execs, Brad Garlinghouse and Chris Larsen. 🙄

#XRPCommunity #SECGov v. #Ripple #XRP
The players have collectively decided to put the legal fireworks on pause as they tiptoe toward a settlement. Stay tuned for the Commission’s green light—no brief on April 16.

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 10, 2025

Rumor has it that Ripple is ready to cough up a $50 million civil penalty and ditch its cross-appeal, though the deal still dangles by the slender thread of SEC commissioner approval. Talk about high stakes!

Meanwhile, Paul Atkins, the newly minted SEC Chair as of April 9, has entered the scene with what can only be described as a crypto-friendly flair. Perhaps he’s the mediator this circus needs. If everything goes smoothly, we might just see a formal update in 60 days—assuming legal negotiations and caffeine consumption both remain at optimal levels. ☕

Fun fact: This isn’t the SEC’s first dramatic pause. They pulled a similar stunt in their case against Binance earlier this year, perhaps suggesting a trend toward reading the room before unleashing another legal salvo. For Ripple, this pause feels like a well-deserved intermission after years of legal ping-pong. Here’s hoping it signals a new beginning where regulators and crypto firms settle their differences over a nice cup of coffee instead of endless litigation.

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2025-04-11 09:25