The post Ripple News: XRP Case Ends, Joint Motion Suggests No Further Legal Action appeared on BitcoinEthereumNews.com.

Ripple and SEC agreed to pause their four-year legal battle, with all parties consenting to halt proceedings temporarily. Ripple acquired Hidden Road for $1.25 billion, signaling a strategic push into mainstream finance right after legal relief. A motion of Ripple Labs and the U.S. Securities and Exchange Commission (SEC) that paused the four-year-long courtroom lawsuit has been submitted. A joint motion was filed by the US Court of Appeals for the Second Circuit, and both parties confirmed that both sides are standing down for now. The motion is an appeal to the initial decision, which means that neither party will have to file a lawsuit before the final decision is reached. This change of pace comes after the SEC voluntarily dropped its appeal, signaling a major turn in regulatory attitudes. The motion, which names Ripple CEO Brad Garlinghouse and co-founder Chris Larsen as appellees, reflects a mutual agreement to halt proceedings. The filing states no party would be harmed by the delay, and all involved have agreed to it. If the settlement stalls for any reason, Ripple must file a status update within 60 days. But for now, the brakes are firmly on. The April 16 briefing date? Scrapped. From Courtroom to Boardroom: Ripple’s Billion-Dollar Deal While lawyers wrap up loose ends, Ripple is already plotting its next big moves. On April 9, 2025, the company made headlines again—this time for spending a jaw-dropping $1.25 billion to acquire Hidden Road, a prime brokerage firm. Analysts say this isn’t just a flex; it’s a calculated move to cement Ripple’s position in mainstream finance. Just days after the legal dust began to settle. It shows Ripple isn’t just playing defense—it’s taking control of the narrative. The acquisition may pave the way for tighter connections between crypto assets and the global financial system.…

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Filed under: News - @ April 12, 2025 8:25 am