Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says ...Middle East

"We're closing this chapter once and for all," Ripple Labs CEO Brad Garlinghouse said in a post on X, adding that the SEC was also expected to drop its appeal.

The SEC had sued Ripple for allegedly violating securities laws through the sale of its XRP tokens. In 2023, a judge ruled that XRP sales on public exchanges were legal, but the $728 million of sales to institutional investors broke the rules.

The SEC did not immediately respond to a request for comment.

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