๐ซ๐ฅ๐ฃ ๐๐ฎ๐๐ฒ ๐ก๐ฒ๐ฎ๐ฟ๐ ๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป โ ๐ฅ๐ถ๐ฝ๐ฝ๐น๐ฒ ๐๐ฟ๐ผ๐ฝ๐ ๐๐ฟ๐ผ๐๐-๐๐ฝ๐ฝ๐ฒ๐ฎ๐น ๐๐ด๐ฎ๐ถ๐ป๐๐ ๐ฆ๐๐!
Big news for the XRP community! Ripple has officially dropped its cross-appeal after the SEC decided to withdraw its case last week.
Rippleโs Chief Legal Officer, Stuart Alderoty, confirmed the decision in a recent post on X. As part of the settlement:
โ The SEC will keep $50M from the $125M penalty.
โ Ripple will get back $75M from the escrow account.
โ The SEC will request the court to lift its previous injunction on Ripple.
This marks the end of a legal battle that started in December 2020, shaping the future of crypto regulation in the U.S. It also signals a shift in the SECโs approach under President Trumpโs second term, with the agency dropping lawsuits against Coinbase and Kraken.
Could this be the beginning of a more crypto-friendly regulatory environment? ๐
