PANews August 8 news, according to The Block, a significant legal dispute in the crypto industry seems to be nearing its end. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs' lawyers have jointly agreed to withdraw the appeal to the Second Circuit Court of Appeals. A joint motion to dismiss submitted on Thursday shows that both parties will bear their own costs. Previously, Ripple Labs CEO Brad Garlinghouse announced in June that the company intended to withdraw its cross-appeal, stating the need to 'turn the page and focus on building the value internet.' Now, both parties have abandoned the appeal, and Judge Analisa Torres' mixed ruling in 2023 will become the final judgment. This ruling determined that the hundreds of millions of dollars in XRP sold by Ripple Labs to institutional investors constituted illegal securities sales, but on the issue of 'dark pool' sales to retail investors, she supported Ripple Labs.
