Ripple Labs and the Securities and Exchange Commission of the United States (SEC) have jointly submitted a request in suspense their calls in the long-standing legal battle on XRP, a decision largely interpreted as a stage towards a final attack.
In a judicial file of April 10, the two parties asked that the case be in suspense for 60 days, citing discussions of current settlement.
“A suspension would retain legal resources and parties while the parties would continue to continue a negotiated resolution of this issue,” said the file.
NOTES OF THE MARKET OF THE CEO of RIPPLE PATE OF PREFIGURATION in the dry case procedure
The break in the procedure follows the recent remarks of the CEO of Ripple, Brad Garlinghouse, in March, suggesting that the case was approaching its end.
The time of the deposit has fueled speculation that the SEC could wait for its incoming president, Paul Atkins, officially assumes his functions before finalizing a regulation.
Ripple’s defense lawyer, James Filan, confirmed that the absence request won on the deadline of April 16 for Ripple to respond to a thesis filed in January.
“The regulations are awaiting the approval of the Commission. No memory will be filed on April 16,” said Filan on X.
#Xrpcommunity #Secgov v. #Ripple #Xrp The parties have filed a joint request to hold the appeal in suspense depending on the agreement of the parties to settle. The regulations await the approval of the Commission. No memory will be deposited on April 16. pic.twitter.com/ovkpcih43h
– James K. Filan
(@Filanlaw) April 10, 2025
(@Filanlaw) The will of the dry to suspend calls was interpreted by certain legal commentators as a signal that the agency could prepare to abandon the case under the new management.
A member of the community noted that a regulation led by Atkins would mark a “huge victory” and potentially reset the CRS approach to the regulation of cryptography.
Atkins was confirmed by the Senate as president of the dry on April 9, but he remains uncertain when he is officially sworn.
For the context, the former president of the SEC, Gary Gensler, took office three days after his confirmation in 2021, suggesting that ATKINS could take over on April 12.
The XRP affair, which began in December 2020, was one of the most closely watched legal battles in the cryptography industry.
Quarter signals from the Trump dry era Revaluation of cryptography regulations
The recent change of tone of the dry under President Donald Trump reflects a wider effort to reassess the agency’s approach to digital assets.
Mark Uyeda de la SEC announced on April 5 that, in accordance with the Trump deregulation program and the Councils of the Ministry of Government Effectiveness (DOGE) led by Elon Musk, the SEC examines seven declarations issued by the staff, five of which concern cryptocurrencies.
Among the people under examination, a 2019 FINHUB FUNHUB executive assessed when sales of digital assets could be considered investment contracts as part of the Howy test.
Other reconsidered documents include declarations of investment management divisions, companies’ financing and examinations, in particular those dealing with risks related to Bitcoin’s term contracts, cryptography and bankruptcy at industry in 2022.
As indicated, the SEC announced new guidelines on April 4, indicating that certain stablescoins supported by Fiat will be classified as “non-security”, thus exempting them from transactions declaration requirements.
The Ripple and Dry post require a 60 -day break, referring to a possible regulation appeared first on Cryptonews.
