The appeals court has closed the case between SEC and Ripple, upholding Judge Analisa Torres' earlier ruling, marking a significant event for the crypto industry.
Closure of the Legal Dispute
The appeals court granted the request from both SEC and Ripple to close the case, meaning Judge Analisa Torres' earlier ruling now stands as final.
Reaching an Agreement
The decision was made possible through a settlement reached earlier this year following the departure of former SEC Chair Gary Gensler. As part of this agreement, the SEC reduced penalties for Ripple and dropped efforts to impose a permanent ban on institutional XRP sales in the USA.
Looking Ahead for the Sector
Ripple CEO Brad Garlinghouse described the resolution as a 'new dawn' for both the company and the industry. The conclusion of the case removes key hurdles for XRP's long-term adoption, enabling Ripple's growth.
The closure of the legal process ends Ripple's four-year struggle and is significant in the context of the future regulation of digital assets.
