XRP News Today: SEC Retreat Lifts Ripple Sentiment but Tariffs Cloud Outlook; BTC Dips

XRP dips despite Ripple-SEC settlement pause; legal clarity and ETF hopes may lift investor sentiment.

SEC appeal pause boosts optimism for XRP-spot ETF approval and Ripple's U.S. business expansion.

Appeal withdrawal may hinge on Judge Torres vacating XRP institutional sales injunction.

SEC vs. Ripple: Appeal Pause Boosts Settlement Hopes

The SEC vs. Ripple case took center stage on Thursday, April 10, amid renewed tariff-driven risk aversion. US defense attorney James Filan shared the latest court filing, stating:

“The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th.”

The parties filed the motion ahead of Ripple’s April 16 deadline to submit its appeal-related reply brief. A formal withdrawal would end the agency’s challenge to the ruling on Programmatic Sales of XRP.

Pro-crypto lawyer Bill Morgan commented:

“Finally. The parties had to do something before the Ripple brief was due on 16 April. At least we now have a public acknowledgment by the SEC of the settlement. Interested to see what indicative ruling will be sought from Judge Torres.”#Ripple

Written by Bob Mason on FX Empire