The announcement comes just a day after U.S. District Judge Analisa Torres denied a proposal from Ripple Labs and the SEC to cut a $125 million penalty or toss out an injunction imposed against the XRP-linked firm last year.
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Ripple to Drop Appeal in SEC Case Over XRP Sales, Ending Case 'Once and for All'
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District Judge Analisa Torres ordered Ripple to pay a $125 million civil penalty for its institutional sales of XRP
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Ripple’s decision to abandon its cross-appeal came after U.S. District Judge Analisa Torres denied a joint motion from Ripple and the SEC earlier that week, marking her second dismissal related to the appeal
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