Court Grants Temporary Pause in SEC vs. Ripple Appeal
In a notable development in the long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc., the United States Court of Appeals for the Second Circuit has agreed to place the appeal on hold.
The order, issued by Circuit Judge José A. Cabranes, grants a joint motion submitted by both the SEC and Ripple earlier this month.
The case has drawn widespread attention in the cryptocurrency and legal communities, as it could set key precedents regarding the regulatory status of digital assets.
According to the court document, the appeal will remain in abeyance, with the SEC required to submit a status report within 60 days to update the court on the progress of the matter.
The order also names individual defendants Bradley Garlinghouse and Christian A. Larsen, as well as a list of intervenors including Jordan Deaton and others representing XRP holders.
This temporary pause in proceedings offers both parties more time to potentially negotiate or clarify their legal strategies, while observers await the next move in this high-profile legal confrontation.
Catherine O’Hagan Wolfe, Clerk of Court, confirmed the order on behalf of the Second Circuit.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
