Ripple CEO Brad Garlinghouse announced the move on June 27, stating the company will not challenge the court’s 2023 finding that XRP sales to institutional investors constituted securities transactions.
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Ripple Drops Appeal with SEC, Ending XRP Lawsuit After Nearly 4 Years
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Ripple officially announced that it would drop its cross-appeal in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), effectively ending its challenge to the court's decision on institutional XRP sales
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