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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The decision follows Judge Analisa Torres’ denial of a joint motion for an indicative ruling earlier this week, marking the second time she dismissed the appeal.
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.