The U.S. Securities and Exchange Commission (SEC) has filed a status report regarding the Ripple Labs case, revealing that the parties have reached a settlement.
Settlement Terms
According to James K. Filan, an attorney involved in the case, the SEC and Ripple Labs have submitted a joint waiver of appeal. This indicates that both parties have agreed on terms concerning the appeals, including each party bearing its own litigation costs.
Current Status of the Case
Despite the waiver submission, the application has not yet been approved by the court, meaning the proceedings are still on hold until the court makes a decision.
XRP Market Performance
At the time of writing, XRP is priced at $3.12, which is 18% lower than its all-time high of $3.84. This situation highlights the significance of ongoing legal battles on the cryptocurrency market.
The developments in the SEC and Ripple Labs case mark an important turning point in the long-running legal fight, and the court's final decision could influence the future of XRP and other digital assets.
