SEC, RIPPLE FILE JOINT MOTION TO HELP APPLICATIONS IN XRP CASE

The US Securities and Exchange Commission and Blockchain Firm Payment Ripple has come up with a pause of their appeals to the ongoing legal battle of XRP, which has signed a potential move toward a final negotiation.

SECTS SEC and RIPPLE to place their appeals to “Abeyance,” which means that the proceedings have been paused waiting for an expected XRP regimen (XRP) case.

“An abeyance will save judicial resources and parties as parties continue to pursue an agreed resolution of this matter,” the parties together Nakasa said on an April 10 court filing.

RIPPLE CEO BRAD GARLINGHOUSE announced the end of the XRP case On March 19, and the new clues of filing that the SEC was ready to live once the seat Paul Atkins was approved and approved, according to some speculation in the community.

Files are Cancels Ripple’s April 16 short deadline

According to Ripple’s defense attorney, James Filan, the new filing supported the April 16 deadline for Ripple to respond to the short SEC filed on January. “The negotiation awaits the commission’s approval. No short filed on April 16,” Filan write In a post of April 10 x.

Some legal observers have suggested the SEC’s willingness to -pause the proceedings indicate that the agency may be prepared to drop the case after the Atkins assume the office.

“The SEC is ready to be well but waits for Atkins to take a helmet as the new SEC leader so he can start the downfall of the biggest case of their career and start with a big win,” a user suggests a response to Filan’s thread in X.

When is it expected that Atkins will officially assume the office?

While the Senate Confirmed Atkins as the new SEC seat On Wednesday, April 9, it is unclear when he will be in office.

Related: Ripple Acquisition of Hidden Road A ‘Determining Moment’ for XRPL – RIPPLE CTO

It could be a few days before Atkins swore to the office as a new SEC seat.

Former SEC chair Gary Gensler is Swear During the three days after his confirmation in 2021, suggesting the Atkins could operate on the moment April 12.

Cointelegraph approached the SEC to comment on when Atkins was expected to be cursed as the new SEC seat but did not receive a response at the time of publication.