An appellate court has agreed to a filing from the Securities and Exchange Commission and Ripple to temporarily pause their appeals in the long-running legal case.
The appeals will be paused for 60 days as the parties continue settlement negotiations, with the SEC expected to provide a status report by June 15.
The SEC had agreed to drop its appeal in March signalling the end of the years-long legal battle, although there are still a few legal wrinkles to iron out.
The ruling, made by the US Court of Appeals for the Second Circuit, grants a temporary hold on the appeal and requires a status report from the SEC by June 15.