The SEC and Ripple submitted a joint motion to pause the appeal in search of a settlement.

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs filed a joint motion with the Second Circuit Court of Appeals on April 10 to stay each other’s appeals, saying that the parties had reached a settlement agreement in principle and were finalizing the final terms, pending formal approval by the SEC. According to documents released by attorney James Filan, the agreement will resolve the SEC’s appeal, Ripple’s counter-appeal, and related allegations against CEO Brad Garlinghouse and co-founder Chris Larsen. If the motion is granted, the parties will no longer need to file their defenses on April 16 as originally planned, and the case will officially enter the countdown to settlement. （CryptoSlate）