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SEC and Ripple file joint motion to pause appeals to pursue settlement terms – TON BOT

SEC and Ripple file joint motion to pause appeals to pursue settlement terms

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The SEC and Ripple Labs have filed a motion to pause their appeals in order to finalize a settlement agreement in their long-standing case. The proposed settlement includes Ripple paying a $50 million penalty and withdrawing its cross-appeal. The parties are awaiting formal approval from the SEC and may seek a ruling from the US District Court for the Southern District of New York. If granted, the motion would conserve resources and allow for the case to be resolved after over four years of litigation.

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