The SEC and Ripple Request the Court to Suspend Appeals Before the Main Guiding Ruling

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly requested the Second Circuit Court of Appeals to keep their appeals on hold.

The reason for the delay is that they are waiting for the court's decision on their updated request for a guiding ruling. This latest filing is part of a series of legal developments in the long-running saga of the SEC vs. Ripple

Ripple vs. SEC: Appeals on Hold Amid Major Court Decision

Court documents showed that the request to suspend the appeals was filed on June 16. This follows the parties' request to a Manhattan court to lift the injunction.