CoinVoice has recently learned that, according to CoinDesk, Ripple Labs has announced the withdrawal of its cross-appeal against the US SEC and will implement the relevant provisions previously determined by the court. This decision means that the multiple rounds of legal battles since the SEC filed a lawsuit against Ripple in 2019 may come to an end.



Giving up the appeal means that Ripple will accept the initial ruling of a $125 million civil penalty and may retain a permanent injunction. In 2023, Judge Torres ruled that the sale of XRP to retail investors on public exchanges does not constitute a securities transaction, but selling to institutional investors violates securities laws.
XRP2.07%
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