Ripple and SEC Aim for Negotiation Amidst Legal Battle

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are taking a step towards resolution in their ongoing legal dispute. Both parties have jointly requested a temporary pause on their appeal process, potentially paving the way for negotiations to reach a mutually agreeable solution. If granted, this could allow both entities to focus on constructive discussions to resolve their outstanding disputes. This latest development comes as Ripple faces accusations from the SEC regarding XRP sales being unregistered securities, while simultaneously defending its stance that XRP functions as currency and falls outside SEC jurisdiction.