#SECGuidance Case closed: Ripple withdraws its appeal against the SEC

After the SEC's decision not to appeal, the company now decides not to proceed with its claims and to resume institutional sales of XRP.

Following the decision of the United States Securities and Exchange Commission (SEC) to dismiss the appeal against Ripple, the company now chooses not to continue with its cross-appeal against the agency.

As reported on X, Stuart Alderoty, Ripple's legal director, stated that after a series of negotiations, they agreed with the SEC to dismiss the case and not proceed with the counter appeal.