Ripple CEO: Ripple will withdraw our cross-appeal, and the SEC is also expected to withdraw their appeal, as they stated earlier. We will close this chapter once and for all and focus on what matters most – building the Internet of Value. Get ready.
This comes after Judge Torres denied Ripple and the SEC's request to settle the case privately, emphasizing that court rulings serve the public interest and cannot be undone simply by an agreement between the two parties.
Ripple and the SEC will accept the initial outcome and pay the fine. Ripple sells XRP directly to institutions considered investment contracts, but XRP traded on crypto exchanges is not a security. THIS LAWSUIT HAS FINALLY ENDED.
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