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Ripple and the U.S. Securities and Exchange Commission (SEC) have agreed to drop their respective appeals, bringing an end to their five-year legal battle. The decision marks a pivotal moment for the crypto industry, providing clarity on XRP’s regulatory status. Ripple now plans to focus on expanding its global payment solutions.
- Ripple and SEC mutually agree to drop appeals, ending a five-year legal battle over XRP's securities status.
- Judge Torres' 2023 ruling clarified that XRP is not a security in secondary markets but found institutional sales violated securities laws.
- The resolution allows Ripple to avoid further legal costs and shift focus to expanding its global payment network and XRP utility.
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Other Tags: Judge Analisa Torres, Stuart Alderoty