XRP Community Calls for Official Closure of the Dispute Between Ripple and the SEC

Although both parties have suspended their appeals, the community eagerly awaits the conclusion of the litigation.

Some hope that the closure of the case will drive the price up.

While there is no announcement expected soon, many trust in a promising future for XRP.

At the end of March, Brad Garlinghouse, CEO of Ripple, announced that the U.S. Securities and Exchange Commission (SEC) had decided to withdraw the lawsuit initiated in 2020 against the company. However, Ripple still had to respond to a final appeal filed by the federal agency, with a deadline set for April 16.

However, last Thursday, the 10th, both parties agreed to postpone the filings. Since then, XRP supporters have been speculating about the possibility of a joint announcement that would officially end the prolonged legal battle.

In this context, influencer John Squire was one of those who fueled speculation by interpreting the pause in the appeals as a sign of high-level negotiations. According to Squire, the joint request from Ripple and the SEC to suspend the appeal proceedings is not a routine legal procedure, but a strategic move that, combined with unusual activity from large investors and movements in institutional wallets, suggests that an agreement could be announced soon.

Squire also emphasized that a possible understanding would not only put an end to the litigation but could also pave the way for an XRP ETF, by validating that the crypto asset is not a security under U.S. regulation.