Summary
- The U.S. court announced that it accepted the appeal suspension request by the SEC and Ripple.
- It was reported that the SEC must submit a progress report within 60 days.
- It was stated that the SEC and Ripple had submitted a joint request to coordinate settlement terms.
It has been revealed that the appeal suspension request by the U.S. Securities and Exchange Commission (SEC) and Ripple has been accepted.
On the 16th (local time), attorney James K. Filan stated on X (formerly Twitter), "The U.S. court has accepted the application stating that the SEC and Ripple will suspend the appeal process by agreement," and "The SEC has been instructed to submit a progress report within 60 days."
Previously, on the 11th (local time), the SEC and Ripple submitted a joint request to temporarily suspend the appeal process and coordinate settlement terms.
Son Min
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