Ripple & SEC Reach Deal Pause in Legal Battle

The U.S. Second Circuit Court of Appeals has temporarily paused the ongoing appeal between Ripple and the Securities and Exchange Commission (SEC) following a joint request from both parties. The court is now implementing a 60-day suspension of proceedings, giving time for formal settlement discussions to progress. The SEC is expected to provide an update on this matter by June 15th. This pause marks a strategic pause in the legal battle between the two entities.