Ripple and SEC ask the court to suspend the procedures: Appearance is waiting for approval of the district court

Ripple and SEC ask the court to suspend the procedures: Appearance is waiting for approval of the district court

ripple and the SEC ask for suspension of the procedures: a step towards the agreement?

In a significant step, Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly applied for at an appeal court to suspend the ongoing procedures. This decision is made in a critical phase, since the aim of setting between the two parties continues to be waiting for approval by the responsible district court.

The legal disputes between Ripple and the Sec have been a central topic in the cryptocurrency industry for some time. The Sec had accused Ripple of selling unregistered securities, which led to a far -reaching legal dispute. The current request for suspension suggests that both parties may work towards an agreement that could influence Ripple's company success and the regulatory framework for the entire industry.

The approval of the agreement by the district court could have far-reaching consequences, not only for Ripple, but also for other crypto companies that move in a similar legal context. While the industry is waiting for these developments, it remains to be seen how the situation will develop and what effects this will have on regulating cryptocurrencies in the USA

Overall, the step of Ripple and the SEC could mark a turning point that brings both legal and economic implications for the cryptocurrency landscape. The coming weeks are crucial and the attention of the entire industry is at the outcome of this legal discussion.