Ripple Labs and the Securities and Exchange Commission of the United States jointly requested a break in their respective calls to finalize a potential settlement, according to a request filed Thursday.
The deposit indicates a possible end to a high -level dispute that has entered the payment industry at the end since December 2020 for its sale of XRP tokens, which, according to the SEC, were not registered titles.
The case was a focal point for the debates on the regulatory status of cryptocurrencies in the United States, Ripple arguing that XRP is a currency, not a guarantee, and therefore outside the jurisdiction of the dry.
Ripple and the SEC have reached an “agreement in principle” to resolve all questions in circulation, according to a position shared by lawyer James Filan.
This includes not only the appeal by the sec of the final judgment of the district court, but also the appeal according to Ripple and the complaints against the founders of Ripple Brad Garlinghouse and Chris Larsen.
The request requests that the court hold the unanswered appeal process – by actually taking a break – while the parties prevent the last terms of the regulation, which still requires the formal approval of the SEC commissioners.
This follows a similar request from the SEC and Gemini in early April, where the two parties asked the court to approve a pause of two months to finalize a agreement to conclude their long -standing legal dispute concerning the Gemini EARN program.
