By dropping the appeal, Ripple accepts the court’s existing judgment. This includes the restriction on institutional XRP sales and the likely imposition of a $102.6 million penalty.
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Ripple Drops Appeal with SEC, Ending XRP Lawsuit After Nearly 4 Years
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Ripple is expected to pay a civil penalty related to its institutional XRP sales once both Ripple’s cross-appeal of the institutional sales finding and the SEC’s appeal of the non-security ruling are withdrawn
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