CEO Brad Garlinghouse Confirms Ripple Is ‘Closing the Chapter’ on SEC Case
- Ripple ends its legal battle with the SEC by withdrawing its cross-appeal on XRP sales.
- Court ruling keeps XRP retail trading outside securities law but imposes penalties on Ripple.
- The case’s conclusion provides regulatory clarity for digital asset offerings in the U.S.
Ripple Labs has announced it is withdrawing its cross-appeal against the U.S. Securities and Exchange Commission (SEC), a decisive move that brings one of the crypto market’s most-watched legal sagas to a close.
The announcement from Ripple CEO Brad Garlinghouse marks the end of nearly four years of legal conflict over the classification and sale of the XRP token.
Why Did Ripple Withdraw the Appeal Now?
The move to end the legal battle comes just after a key court order from Judge Analisa Torres. On June 26, she denied a joint request from both Ripple and the SEC …
The post CEO Brad Garlinghouse Confirms Ripple Is ‘Closing the Chapter’ on SEC Case appeared first on Coin Edition.
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CEO Brad Garlinghouse Confirms Ripple Is ‘Closing the Chapter’ on SEC Case
- Ripple ends its legal battle with the SEC by withdrawing its cross-appeal on XRP sales.
- Court ruling keeps XRP retail trading outside securities law but imposes penalties on Ripple.
- The case’s conclusion provides regulatory clarity for digital asset offerings in the U.S.
Ripple Labs has announced it is withdrawing its cross-appeal against the U.S. Securities and Exchange Commission (SEC), a decisive move that brings one of the crypto market’s most-watched legal sagas to a close.
The announcement from Ripple CEO Brad Garlinghouse marks the end of nearly four years of legal conflict over the classification and sale of the XRP token.
Why Did Ripple Withdraw the Appeal Now?
The move to end the legal battle comes just after a key court order from Judge Analisa Torres. On June 26, she denied a joint request from both Ripple and the SEC …
The post CEO Brad Garlinghouse Confirms Ripple Is ‘Closing the Chapter’ on SEC Case appeared first on Coin Edition.
Read More
Ripple-SEC Deal Was in Trouble Even Before the Judge’s Ruling – Analyst