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Will A Ripple SEC Settlement Happen Following 60-Day Pause In Binance Case?

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The US Securities and Exchange Commission (SEC) and crypto exchange Binance recently agreed to a 60-day pause in their ongoing legal battle. This has raised speculations that the much-anticipated Ripple SEC settlement could be on the horizon, a development that will put an end to a long-running legal battle that began in 2020.

Will A Ripple SEC Settlement Happen Following Pause In Binance Case?

There is the possibility of a Ripple SEC settlement happening following the pause in the Binance lawsuit. The SEC and the top crypto exchange agreed to a 60-day pause in the legal battle, citing the creation of the crypto task force as the reason for this move.

Both parties believe that this crypto task force could impact the case’s resolution since this initiative is to help provide clarity to the crypto industry, something which the Binance case borders on. Both parties argue that the pause will help conserve resources and potentially avoid further proceedings if an early resolution is reached.

A major takeaway from this case is the fact that the Commission looks prepared to abandon its regulation by enforcement approach with the crypto industry. This makes a Ripple SEC settlement likely, especially with the Binance lawsuit likely to also lead to a settlement.

Fox journalist Eleanor Terrett stated that she expects other non-fraud cases like the one against Ripple to follow suit in a similar manner to the Binance situation.

The SEC’s crypto task force, headed by Commissioner Hester Peirce, could undoubtedly impact the Ripple case as the task force will determine whether crypto transactions are investment contracts. Depending on the task force’s recommendations, there might be no need to move forward with the SEC’s appeal against Ripple.

While giving their predictions on the crypto ETFs, Bloomberg analysts Eric Balchunas and James Seyffart asserted that the SEC and Commissioner Peirce’s task force would untangle some of the security vs. commodity implications from lawsuits.

Paul Atkins Could Also Play A Major Role

US SEC Chair nominee Paul Atkins could also play a major role in the potential Ripple SEC settlement. Former SEC lawyer Marc Fagel had previously stated that he believes a settlement could take place after Atkins takes charge as Donald Trump’s administration might try to facilitate a settlement.

As Terrett noted, it could still take a while before Atkins assumes office. The Senate would need to vote on all cabinet members first before proceeding to other administration members. Based on precedence, Atkins might not assume office until sometime in April.

The Senate didn’t confirm former SEC Chair Gary Gensler until April 2021 despite being nominated in January of that same year. Meanwhile, Gensler’s predecessor, Jay Clayton, didn’t assume office until May 2017.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pakistan unveils new ‘crypto council’ amid push for regulation

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  • Pakistan wants to streamline crypto regulation and oversight.
  • The Pakistan Crypto Council (PCC) will help align the country’s crypto ecosystem with global trends.

Pakistan has established the Pakistan Crypto Council (PCC) to oversee the adoption and regulation of blockchain technology and digital assets.

According to details, the PCC will help advance crypto adoption within the country’s financial ecosystem.

Senator Muhammad Aurangzeb, Pakistan’s Finance Minister will chair the PCC, with the team including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Law and IT Secretaries.

At a February meeting on digital assets, Aurangzeb emphasized the significance of Pakistan developing a well-regulated digital asset framework. According to the government, this is what will align the country with international best practices. This will also add to compliance with the Financial Action Task Force (FATF) guidelines.

This and the announcement on March 15 signals a dramatic reversal from the nation’s prior stance, which barred cryptocurrency due to concerns over money laundering and terror financing.

Amid this latest move, Pakistan looks focused on becoming one of the crypto innovation and adoption hubs.

Pakistan’s shift comes as the country ranks among the top nations for crypto adoption, boasting approximately 20 million active users and over $20 billion in transactions annually.

The nation’s $35 billion remittance market stands to gain significantly from this pivot.

It’s one of PCC’s agenda that the country moves towards crafting clear regulatory guidelines, collaborating with global blockchain entities, and prioritizing consumer protection and financial security through a strong legal framework.

Pakistan eyes clear crypto framework

Pakistan is taking the big move follows Saqib’s appointment, which the Ministry of Finance hailed as “a significant step forward.”

Together, these initiatives will help harness digital currencies’ potential while mitigating risks. The PCC mandate seeks to balance innovation with accountability, aligning Pakistan with international trends in digital finance and reinforcing its economic ambitions on the world stage.

Across the globe, the United States recently created a strategic bitcoin reserve, held an inaugural White House crypto summit and has new pro-crypto leadership at key government agencies.

Meanwhile, the European Union’s Markets in Crypto-Assets (MiCA) is in full effect and Russia is reportedly tapping into crypto for oil trade.



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Coinbase Chief Legal Officer Criticizes The FDIC’s Response To FOIA Request

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The Federal Deposit Insurance Commission (FDIC) has filed a response to Coinbase’s request for information under the Freedom of Information Act (FOIA). Coinbase says the response is far from sufficient as it pledges to heighten its quest for additional information.

Coinbase Takes Swipes At FDIC’s Response To FOIA Request

Following a FOIA request filed by US-based cryptocurrency exchange Coinbase, the FDIC has released a raft of documents. However, Coinbase Chief Legal Officer Paul Grewal disclosed that the documents released by the FDIC contain too little information.

Grewal took to X (formerly Twitter) to criticize the FDIC for dragging its feet to release necessary information. According to the FOIA filing, Coinbase is seeking information into the FDIC’s role in Operation Choke Point 2.0 and the “debanking of crypto companies.”

Grewal notes that the FDIC is withholding information, particularly regarding its conduct of due diligence to ensure that Operation Chokepoint 2.0 documents remain preserved. Coinbase has filed a similar

The executive disclosed that the latest batch of documents contained several redactions that revealed “much too little, much too late.”

“They removed a few redactions, produced a few more documents, and promised another “renewed search” for other documents,” said Grewal.

The US SEC Has To File Its Own Response To FOIA Requests

Coinbase has extended its crusade against regulators by filing a FOIA request against the SEC. According to the filing, Coinbase is seeking clarification over the cost of the SEC’s enforcement actions against cryptocurrency companies.

“The previous SEC spent four years attacking a lawful industry, and American taxpayers were left holding the bill,” read a statement. “How much did you end up paying? We intend to find out.”

Pundits say the SEC’s enforcement actions against heavy hitters in the industry could cost millions of dollars. Furthermore, a reliance on third-party contractors by the SEC in the cases are expected to drive up the bill.

Coinbase’s request comes on the heels of high-profile case dismissals against cryptocurrency service providers. The SEC’s dismissal of Kraken’s case and the lawsuit against Coinbase are considered a monumental waste of public resources by the securities watchdog.

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Aliyu Pokima

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple Secures DFSA License in the UAE

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An image of the Dubai International Financial Centre

  • Ripple has secured a major license in the Middle East after getting regulatory nod from the Dubai Financial Services Authority (DFSA).
  • The license allows Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple announced on March 13, 2025 that it had secured a major license in the Middle East.

The Dubai Financial Services Authority (DFSA) has greenlit Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple becomes the first blockchain-enabled payments provider to snag this crucial DFSA license.

Ripple secures license in Middle East milestone

This DFSA approval marks another of Ripple’s footprint in the Middle East, with this adding to a presence that includes major partnerships in the region.

It enhances the XRP creator’s recognition and aligns with Ripple’s plans to add to its global customer base. The license also means a potentially massive opportunity for XRP adoption.

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Brad Garlinghouse, chief executive officer of Ripple. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”

A 2024 Ripple survey found 64% of finance leaders in the Middle East and Africa (MEA) see faster payments as the killer app for blockchain-based currencies. No surprise, then, that over 82% of MEA finance bosses say they’re “very or extremely confident” about integrating this tech into their operations.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s managing director for Middle East and Africa.

Merrick added;

“Securing this DFSA license is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs.”

This license will be great for Ripple’s stablecoin RLUSD, which the company launched late last year. Like other stablecoins, RLUSD could supercharge crypto adoption in the UAE, with users accessing real-time settlement for cross-border payments and remittances.





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