Ripple has officially dropped its appeal against the U.S. Securities and Exchange Commission (SEC), marking a significant turning point in its legal battle. This decision effectively removes major regulatory hurdles for the crypto company.
Ripple's End of Appeal Against SEC
Ripple decided to drop its appeal, signaling the end of its long-standing conflict with the SEC. CEO Brad Garlinghouse stated, "this chapter is closed and the company is moving forward."
Focusing on the Internet of Value
Garlinghouse emphasized that Ripple is now dedicated to realizing its original vision — the Internet of Value. This concept involves enabling real-time global transfers of money and digital assets with minimal friction.
SEC Expected to End Its Appeal
Legal experts expect the SEC will also end its appeal soon, leading to a complete closure of the case. This will create much-needed regulatory clarity for both Ripple and the broader crypto industry.
With legal distractions out of the way, Ripple can now focus on enhancing its technology and expanding its financial infrastructure.
