The five-year lawsuit comes to an end! XRP welcomes a turning point.
Ripple's marathon battle with the SEC has finally come to an end. The federal appeals court has just approved the joint dismissal agreement between the two parties — this means that the nearly five-year-long legal tug-of-war that has persisted since December 2020 is completely over.
Key Progress:
• XRP rose sharply by over 7%, giving the market a sense of reassurance.
• Ripple pays a $12.5 billion fine (Judge Torres's original ruling)
• SEC and Ripple executives have both abandoned their respective appeals.
What does
Ripple's marathon battle with the SEC has finally come to an end. The federal appeals court has just approved the joint dismissal agreement between the two parties — this means that the nearly five-year-long legal tug-of-war that has persisted since December 2020 is completely over.
Key Progress:
• XRP rose sharply by over 7%, giving the market a sense of reassurance.
• Ripple pays a $12.5 billion fine (Judge Torres's original ruling)
• SEC and Ripple executives have both abandoned their respective appeals.
What does
XRP-2.98%