The U.S. Court of Appeals for the Second Circuit temporarily suspended the appeal in Ripple case.
Judge Jose A. Cabrans granted the joint claim filed earlier this month by both the SEC and Ripple.
The SEC must file a status report within two months to update the court for closely monitored cases.
As reported by U.Today, Ripple moved to drop the suit in the case after SEC Chairman Gary Gensler’s departure.
XRP prices have fallen 2% in the past 24 hours amid a wider crypto market correction. The latest developments were priced by the market.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
