According to Foresight News, James K. Filan, a former U.S. federal prosecutor, tweeted that the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly filed a motion with the U.S. Court of Appeals for the Second Circuit to suspend the appeal and cross-appeal proceedings, as both parties have reached a "principled settlement agreement" pending approval by the SEC Commission.
The U.S. SEC and Ripple reached a preliminary settlement agreement, and both parties applied to suspend the appeal process
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