The post Ripple vs SEC Lawsuit Update: Only One Step Left appeared first on Coinpedia Fintech News
The long-running Ripple vs. SEC lawsuit is finally coming to an end. This week, the U.S. Securities and Exchange Commission (SEC) filed a status report with the Court of Appeals, noting that both Ripple and the SEC had jointly agreed to dismiss their appeals.
While some XRP supporters thought the case still needed a judge’s approval, legal experts have now clarified the situation. Former SEC lawyer Marc Fagel explained that the only step left is an administrative action by the court clerk to formally close the case.
“For the sake of clarity, the only thing remaining is administrative closing of the case by the clerk. No judge approval is required. It’s essentially over already,” Fagel said.
For the sake of clarity (since crypto twitter keeps misstating this): the only thing remaining is administrative closing of the case by the clerk. No judge approval is required.
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