Reported about 10 hours ago
Ripple Labs has decided to withdraw its cross appeal against the U.S. Securities and Exchange Commission (SEC) in a lengthy legal dispute over the sale of its XRP tokens, according to CEO Brad Garlinghouse. This decision comes after a court ruling that deemed XRP sales on public exchanges legal, while noting that sales to institutional investors were not compliant with securities laws. Both Ripple and the SEC had been appealing previous rulings but are now moving towards a resolution after years of legal contention.
Source: YAHOO