The post Breaking: Ripple vs SEC Case Officially Ends appeared first on Coinpedia Fintech News
After years of legal battles, the Ripple vs SEC case has officially come to an end. On August 7, both Ripple and the US Securities and Exchange Commission (SEC) filed a joint request to dismiss their appeals with the Second Circuit Court. This marks the official closure of one of the most closely watched lawsuits in the history of cryptocurrency.
The case, which began with the SEC accusing Ripple of illegally selling XRP as an unregistered security, has been a central point of debate in the crypto industry. With today’s dismissal, the issue of Ripple’s programmatic sales of XRP made up to 2020, along with other non-institutional distributions, is now settled under the principle of res judicata, meaning it cannot be brought up again between these parties. Those sales and distributions are now legally recognized as lawful.
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