#Ripple Ripple's CEO, Brad Garlinghouse, announced that they have withdrawn their counter-appeal in the XRP case. With the litigation process coming to an end, there was an expectation that the XRP ETF request would accelerate and giants like BlackRock would intervene. All eyes are now on the SEC's final decision in the last quarter.
Ripple's CEO, Brad Garlinghouse, announced that they have withdrawn their counter-appeal in the XRP case and expect the SEC to do the same.
"Ripple withdraws our counter-appeal. As stated earlier, the SEC will also withdraw its appeal. We are completely closing this chapter and focusing on what really matters: building the Internet of Value. Get ready," Garlinghouse said in a message shared on platform X.
This statement came after the federal court rejected a joint request from Ripple and the SEC to reduce the fine imposed on Ripple to $50 million. Judge Analisa Torres denied the request, stating that the parties did not meet the extraordinary legal standards required to lift the permanent order or reduce the penalty.
After Ripple withdrew its counter-appeal and closed the case entirely, all eyes turned to the immediate ETF decision for $XRP .
Nate Geraci, Managing Director of the American asset management firm The ETF Store, said this development could accelerate the approval of the immediate XRP ETF request. Geraci stated, "Closing this file paves the way for the immediate XRP ETF. It also facilitates BlackRock's engagement."
#NODEBinanceTGE #USCorePCEMay #BinanceAlphaAlert #NEWTBinanceHODLer 
