After 5 Years Battling the SEC, Has XRP Come Full Circle?
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- Ripple has withdrawn its cross-appeal, bringing its five-year legal case with the SEC to a close
- In a separate development, XRP is now included in Grayscale’s newly approved spot ETF
- Despite the news, the price of XRP remains in a tight consolidation pattern for now
After Ripple’s five-year legal battle with the U.S. SEC, XRP is taking a major step forward, including joining a regulated spot ETF in the United States, recent developments mark a significant turning point for both Ripple and the digital asset XRP.
5 Years Battling the SEC Ends
Last month, Ripple confirmed that it has withdrawn its cross-appeal in the SEC case. The legal dispute, which began in 2020, centered on whether XRP was offered as an unregistered security. The recent withdrawal confirms the end to one of the most high-profile crypto cases in the United States.
Related: SEC v Ripple: How This Settlement Process Is Going
Ripple CEO Brad Garlinghouse shared the news on social media that the company is now focusing on what’s most important, which includes building the Internet of Value.
In his remark on the most recent ruling from Judge Torres, Chief Legal Officer Stuart Alder…
The post After 5 Years Battling the SEC, Has XRP Come Full Circle? appeared first on Coin Edition.
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