Ripple has officially ended its legal appeal against the SEC, which may lead to clarity in XRP regulations and affect the cryptocurrency market.
End of Ripple's Appeal
Ripple has ceased its appeal in a long-standing legal battle with the SEC. This decision is significant for XRP and could alleviate regulatory uncertainties.
Expectations from SEC Decision
The SEC is expected to make its decision by July 10, which may heavily influence the company's future actions and the broader market. Ripple CEO, **Brad Garlinghouse**, stated that the company will now focus on building the Internet of Value.
Impact on XRP Market
Speculations regarding the SEC ruling have already affected the XRP market, with prices rising by 2.4%. Investors are showing optimism over possible institutional adoption and further growth for XRP amid the resolution of the court case.
Ripple's decision to end its appeal opens new prospects for the XRP market and may serve as a catalyst for changes in the regulatory landscape of cryptocurrencies.
