Ripple continues its efforts in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) by submitting a joint request for a final ruling.
Overview of the Current Case
Ripple emphasizes the necessity for resolution, asserting that previous court decisions are binding on both parties. The company maintains that even if the court changes its judgment, it will continue to comply with securities laws.
Content of the Submission to the Court
In the letter submitted, Ripple clarifies that the request aims to support a joint search for settlement and includes additional clarifications on previously submitted materials. The letter highlights that the reached settlement agreement included a reduced penalty considering the risks of the appeals process.
Overall Implications and Next Steps
Ripple also noted that the SEC has reassessed its approach to regulating digital assets. The company believes that the agreement will allow for the conclusion of the 'resource-intensive' process and reduce the burden on the courts.
Thus, Ripple continues to work towards resolving its case with the SEC, emphasizing the importance of regulatory compliance and the pursuit of a fair resolution.
