Last week, Ripple’s CEO, Brad Garlinghouse, made the triumphant announcement that the SEC had dropped its appeal without conditions.
Although he declared that this meant the case was finally over after a prolonged battle that began in late 2020, there were some misconceptions and misunderstandings about whether it had actually concluded. Now, though, Stuart Alderoty cleared the air.
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an…
— Stuart Alderoty (@s_alderoty) March 25, 2025
Recall that US courts slapped Ripple last year with a $125 million penalty regarding XRP’s unclear status. However, the agency appealed as it initially sought $2 billion, which was far off before it withdrew its filing last week.
Now, though, Ripple’s Chief Legal Officer,
We współpracy z: https://cryptopotato.com/is-the-ripple-vs-sec-lawsuit-indeed-over-after-this-development/
