The US Court of Appeals for the Second Circuit has granted a 60-day pause on the Ripple Labs and Securities and Exchange Commission (SEC) appeal regarding a 2020 case. The order follows a joint request from both parties amidst ongoing settlement negotiations. The original case, which began in December 2020, resulted in Ripple being liable for $125 million in an August ruling, leading to appeals from both the SEC and Ripple. Ripple's CEO announced on March 19 that discussions were underway to resolve the matter. Additionally, new leadership at the SEC may influence future outcomes, as acting chair Mark Uyeda, who has been involved in dropping enforcement cases against crypto firms, is expected to step down after the Senate confirmation of the new chair. As Ripple and the SEC continue their negotiations, more developments are anticipated by the June 15 status report deadline.

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