Ripple and the U.S. Securities and Exchange Commission (SEC) have temporarily paused their appeals while awaiting a court ruling that may impact their ongoing case.
Pause of Appeals
The two rivals, Ripple and SEC, have agreed to pause their appeals as both parties are awaiting a court decision that could significantly alter the course of their legal battle.
Reasons for the Delay
The delay is linked to another case involving Binance that could redefine what constitutes a security in the U.S. Should the ruling change circumstances, Ripple and the SEC are looking to wait before advancing their litigation.
Future of XRP and Crypto Regulation
If the court denies the request to pause, Ripple may need to proceed with its appeal without knowing the outcome of the Binance case. This could mean that if the outcome is unfavorable, Ripple may not have another chance to appeal until 2026.
Thus, the successful outcome of this delicate legal process could have far-reaching implications for both Ripple and the entire cryptocurrency industry in the U.S.
