SEC and Ripple Terminate Appeal Process, XRP Non-Security Ruling Becomes Final

【SEC and Ripple Terminate Appeal Process, XRP Non-Security Ruling Becomes Final】Golden Finance Reports, the U.S. Securities and Exchange Commission (SEC) and Ripple have reached an agreement to jointly withdraw their appeal in the Second Circuit Court, marking the official end of one of the most closely watched legal disputes in the cryptocurrency industry. According to the withdrawal documents, both parties will bear their own legal costs. The ruling made by Judge Analisa Torres in 2023 will become the final judgment: trading of XRP in the secondary market does not constitute a securities transaction, but large sales to institutional investors are considered illegal securities offerings. Following the announcement, the price of XRP rose over 7%, from $3.04 to $3.27. Ripple CEO Brad Garlinghouse stated that the company will focus on building a 'value internet' and turn the page completely.#SEC #XRP