Share this article
Ripple and SEC File Joint Motion to Pause Appeals
The filing signals a possible end to a high-profile dispute that has gripped the payments upstart industry since December 2020 for its sale of XRP tokens.
Updated Apr 11, 2025, 3:33 p.m. Published Apr 11, 2025, 5:20 a.m.
What to know:
- Ripple Labs and the SEC have requested a pause in their appeals to finalize a potential settlement.
- The case has been central to debates over the regulatory status of cryptocurrencies in the U.S.
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested a pause in their respective appeals to finalize a potential settlement, per a motion filed on Thursday.
STORY CONTINUES BELOW
The filing signals a possible end to a high-profile dispute that has gripped the payments upstart industry since December 2020 for its sale of XRP tokens, which the SEC alleged were unregistered securities.
Loading...
The case has been a focal point for debates over the regulatory status of cryptocurrencies in the United States, with Ripple arguing that XRP is a currency, not a security, and thus outside the SEC’s jurisdiction.
Ripple and the SEC have reached an “agreement in principle” to resolve all outstanding issues, per a post shared by attorney James Filan.
This includes not only the SEC’s appeal of the district court’s final judgment but also Ripple’s cross-appeal and the claims against Ripple founders Brad Garlinghouse and Chris Larsen.
The motion requests that the court hold the appeals process in abeyance — effectively pausing it — while the parties hammer out the final terms of the settlement, which still requires formal approval from the SEC’s commissioners.
This follows a similar request from the SEC and Gemini in early April, where the two parties requested the court approve a two-month pause to finalize a deal to close their long-running legal dispute over Gemini's Earn program.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
40% of Canadian Crypto Users Flagged for Tax Evasion Risk, Canadian Tax Authority Reveals
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
What to know:
- The Canadian Revenue Agency reports that 40% of crypto platform users are evading taxes or are at high risk of non-compliance.
- CRA's cryptoasset program has 35 auditors working on over 230 files, resulting in $100 million in taxes collected over three years.
- New legislation to combat financial crimes, including crypto tax evasion, is expected by Spring 2026, as announced by the Minister of Finance.
Top Stories
