Ripple ‘s XRP is gaining momentum as legal tensions with the U.S. Securities and Exchange Commission (SEC) appear to be easing and reports of a potential Amazon partnership surface.
On April 16, the U.S. Court of Appeals for the Second Circuit agreed to pause the ongoing legal proceedings between Ripple and the SEC for 60 days. The joint request from both parties was aimed at creating space for a potential resolution without further litigation. Ripple and the SEC had filed a motion on April 11, stating that a temporary halt would reduce legal costs and streamline the process.
The case stems from the question of whether XRP sales constitute securities offerings. A lower court previously ruled that Ripple’s programmatic sales-those made automatically through exchanges-do not qualify as securities. The SEC, disagreeing with the decision, appealed the ruling.
For any settlement to move forward, final approval must come from the SEC chair. President Donald Trump has nominated crypto-friendly Paul Atkins as the next SEC chairman, and his confirmation hearing has reportedly concluded successfully.
Meanwhile, Ripple is said to be working with Amazon to integrate its RippleNet technology. RippleNet is a decentralized global network used by banks and payment providers that enables real-time messaging, clearing, and settlement of financial transactions.
If Amazon adopts RippleNet, it would effectively allow XRP to be used for payments. This could offer customers lower fees and additional benefits while expanding the utility of XRP in everyday transactions.
