SEC Notifies Court of Ripple Settlement Progress While Awaiting Final Order

The US Securities and Exchange Commission (SEC) and Ripple are one step closer to ending their long-running legal battle. However, the case’s final closure still depends on court approval.

On August 15, the SEC submitted a status report to the Court of Appeals confirming that both parties have agreed to drop their legal appeals and cover their respective costs. This joint move effectively signals the conclusion of nearly five years of litigation.

SEC-Ripple Settlement Still Needs Court Approval

However, the Ripple-SEC settlement cannot take effect until the Court of Appeals formally accepts the parties’ stipulation to dismiss the appeals. Until that approval is granted, the case remains technically open.

Industry observers describe the recent filings as largely procedural.

#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court. pic.twitter.com/X74wFRhswq

— James K. Filan