Ripple and SEC Drop Appeals, Ending a Five-Year Legal Standoff

Ripple and Us Securities and Exchand agreed to the stock exchange committee We call it an end One of the most legal battles that I have seen closely seen encryption. Both sides drop their calls, which puts an end to nearly five years of the courtroom drama on XRP mode. Ripple Garlinghouse CEO publicly confirmed, Saying The company is finally ready to move on.

This decision It comes yet A series of judgments, negotiations, and the attempt of settlements that have kept the industry for years. While some questions are still unlawful, it seems that both Ripple and SEC decided that continuing the battle no longer deserved it.

How everything started

SEC filed a lawsuit against Ripple again in December 2020, accusing a company collecting more than $ 1.3 billion by selling XRP as an unregistered guarantee. Paying Ripple back, arguing that XRP should be treated as a currency, not an investment contract. What followed was a long Tighten the legal war opinion Partial victories and losses on both sides.

In 2023, Judge Angia Torres spent XRP Trading On public exchanges an act The laws of securities do not violate. However, I also found that XRP’s institutional institutional sales were done. This ruling paves the way for a complex tour of appeals. Ripple challenged institutional sales decision. On the other hand, the Supreme Education Council wanted to challenge the ruling that the XRP used by retail dealers did not decrease according to the rules of securities.

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Why are they walking away now

Earlier this month, Ripple and SEC tried to reach a final decision. Ripple offered to pay a lower penalty and end the case. But the judge retracted, saying that her previous ruling is still standing and no one can avoid this. This is clear that the appeal process will continue, without any guarantee for a better result for either party.

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in the endRipple and SEC It seems To be Prescribed That was enough. By dropping the appeal, they close the results of the current court and avoid the risk of the Supreme Court in contrast to any part of the ruling. This means that the mixed result of last year will remain: XRP is not safe when sold on stock exchanges, but when it is sold to institutional investors in the way you did Ripple in the first place He – she.

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What does it mean to the encryption market

The end of this legal battle removes a major cloud that was suspended on XRP, and on a broader scale, on the regulation of encryption in the United States. For Ripple, it wipes the way to focus on developing its payments and building the Professor XRP book without distracting the dates of the ends and ongoing legal fees.

SEC ripples end with the resumption of both sides
Source: Shutterstock

For the industry, it may represent a turning point. Organizers and encryption companies have spent the past few years on issues on how to classify digital assets. This case was a major example. With its conclusion, there may be a greater room for cooperation or at least more clarity about what is considered the matter protection.

What comes after that

Ripple still faces a fine linked to its previous institutional sales, but appeals End. From here, the focus moves to how to rebuild momentum and how the organizers respond. With the discussion of Congress new legislation and other lawsuits that are still pending, the XRP case may end, but the broader conversation on the organization of encryption is far from stability.

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Main meals

  • Ripple and SEC officially finished their appeal, with a legal battle closed for about five years about XRP mode.

  • Judge Torres 2023: XRP stands not safe when trading on stock exchanges, but when he is sold to institutional investors.

  • Both parties have moved away from the appeal to avoid more risks and legal costs, and to lock a mixed court.

  • The end of the case is to purify a major organizational obstacle to ripples and remove the uncertainty for XRP holders.

  • While the Ripple -sec case has ended, the broader discussion on the organization of encryption and classification of assets in American courts and Congress continues.

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