Ripple’s chief legal officer, Stuart Alderoty, explained that the court’s proffered options were to either dismiss its appeal challenging the prior finding on historic institutional sales of XRP or proceed with the appeal and continue litigation.
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Ripple, SEC agree to mutually abandon appeals, ending 5-year legal battle
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Ripple filed a cross-appeal in 2023 to challenge Judge Torres’ finding that its institutional XRP sales constituted unregistered securities offerings
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