On August 8, news came that a significant legal dispute in the encryption industry seems to be nearing its end. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs' attorneys jointly agreed to withdraw their appeal to the Second Circuit Court of Appeals. The joint motion to withdraw filed on Thursday shows that each party will bear its own costs. Previously, Ripple Labs CEO Brad Garlinghouse announced in June that the company intended to withdraw its cross-appeal, stating they wanted to "turn the page and focus on building the value internet." Now both parties have abandoned their appeals, and Judge Analisa Torres' mixed ruling from 2023 will become the final decision. The ruling determined that the hundreds of millions of dollars' worth of XRP sold by Ripple Labs to institutional investors constituted illegal securities sales, but she supported Ripple Labs regarding the "dark pool" sales issue aimed at retail investors.

XRP1.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 20
  • Repost
  • Share
Comment
0/400
LittleNine-tailedFoxvip
· 08-09 00:43
Fourth Master, can you reveal what coin you are currently holding a Heavy Position in? My altcoin Spot has lost me a fortune, and I want to follow you to recoup investment.
View OriginalReply0
A-Chavip
· 08-08 07:54
Steadfast HODL💎
View OriginalReply0
riqlecZZZvip
· 08-08 03:53
hold hold hold hold
Reply0
KissTheBallSwellvip
· 08-08 02:34
Hold tight HODL💎, we are about to To da moon 🛫 Hold tight, we are about to To da moon 🛫 Hold tight, we are about to To da moon 🛫 Hold tight, we are about to To da moon 🛫 Hold tight, we are about to To da moon 🛫 Quick, enter a position!🚗 Quick, enter a position!🚗 Quick, enter a position!🚗 Quick, enter a position!🚗
View OriginalReply0
ChenYingyingvip
· 08-08 01:56
Good morning, Fourth Master
View OriginalReply0
View More
TheDedvip
· 08-08 01:45
Hold tight 💪
View OriginalReply0
IJustWantToGetSomevip
· 08-08 01:41
Steady HODL💎 hold on tight, To da moon 🛫 hold on tight, To da moon 🛫 hold on tight, To da moon 🛫 hold on tight, To da moon 🛫 hold on tight, To da moon 🛫 quickly enter a position!🚗 quickly enter a position!🚗 quickly enter a position!🚗 quickly enter a position!🚗
View OriginalReply0
GateUser-744e99b4vip
· 08-08 01:34
Hold on tight 💪
View OriginalReply0
CaptainRagingBullvip
· 08-08 01:15
Why did the trading volume of all coins suddenly surge in just this hour?
View OriginalReply0
ShinChunvip
· 08-08 00:59
Just go for it💪
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)