On April 11th, it was reported that according to former US federal prosecutor James K. Filan, the SEC and Ripple have jointly filed a motion with the US Second Circuit Court of Appeals to "stay the proceedings" of their respective appeals and cross-appeals, citing that both parties have reached a "principled settlement agreement" that is currently pending approval by the SEC Commissioners. If approved, they will seek a declaratory judgment from the district court. The court has cancelled the original arrangement for filing response materials on April 16th.

This motion indicates that the case may soon be reaching a final settlement.