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                <h3>Key Takeaways</h3>
                <ul>
                                            <li>Good news for Ripple and the SEC! The US Court of Appeals has officially paused their ongoing appeal, thanks to a joint request from both sides.</li>
                                            <li>Why does this matter?  The final decision in this case could be a game-changer, potentially setting major guidelines for how digital assets are regulated in the United States.</li>
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        <?xml encoding="UTF-8"????><p>Big news in the ongoing legal saga between the SEC and Ripple Labs! The US Court of Appeals for the Second Circuit has given the green light to a joint request, officially pausing the appeal. This move comes as both parties are actively working towards hammering out a final settlement agreement.</p><p>Breaking down the details, legal expert James Filan reported on Wednesday that Circuit Judge José Cabranes officially signed the court order on April 16th. This order puts the appeal "in abeyance" – essentially putting it on hold – by mutual agreement of both the SEC and Ripple.</p>Here's a look at Filan's tweet confirming the news:<blockquote class="twitter-tweet" data-width="500" data-dnt="true" wp_automatic_readability="7.2340425531915">
<p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">#XRP</a> The parties’ joint motion to hold the appeal in abeyance has been granted.  The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">@SECGov</a> is directed to file a status report within 60 days of this Order. <a href="https://t.co/mUgEBaJRuU" target="_blank" rel="nofollow noopener noreferrer">pic.twitter.com/mUgEBaJRuU</a></p>
<p>— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) <a href="https://twitter.com/FilanLaw/status/1912517176885473357?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer">April 16, 2025</a></p>
</blockquote><p>What's next? The court order specifies that the SEC needs to file a status report within 60 days, specifically by June 9th. This report will update the court on just how far along the settlement talks have progressed.</p><p>This joint request to pause things actually came on the heels of a preliminary agreement – an "agreement in principle" –  between the SEC and Ripple to finally settle their long-standing dispute.</p><p>Now, while Ripple has openly announced that the SEC has agreed to drop the appeal altogether, it's important to remember that this decision still needs to jump through some internal hoops within the SEC. This includes getting the thumbs-up from the newly appointed Chair Paul Atkins and a vote from the other Commissioners.</p><p>And here's a potentially interesting twist: Atkins, who was just confirmed on April 9th, is generally considered to be someone with a positive view on crypto.</p><p>So, *if* the SEC gives the final formal OK to this agreement, it's widely expected that both Ripple and the SEC will jointly request to dismiss the appeal completely.  And depending on the specifics of the settlement, there might even be another motion filed with Judge Torres in district court, possibly to tweak or further clarify the initial ruling.</p>

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