Ripple and the SEC have filed a joint motion to stay the appeals to finalize the settlement of the case, the resolution of which the entire crypto industry has been waiting for several years, and block XRP for more sustainable growth.
SEC Chairman Paul Atkins, a pro-crypto attorney, was recently appointed.
The joint motion aims to stay the appeal and cross-appeal based on an 'in principle' agreement, subject to SEC approval.
If the settlement is approved, the parties will seek confirmation from District Judge Analisa Torres.