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The US Securities and Exchange Commission (SEC) and Ripple Labs' lawyers have jointly agreed to withdraw the appeal to the Second Circuit Court of Appeals. A joint motion to dismiss submitted shows that both parties will bear their own costs.
Previously, #Ripple# Labs CEO Brad Garlinghouse announced in June that the company intended to withdraw its cross-appeal, stating the need to 'turn the page and focus on building the value internet.'
Now, both parties have abandoned the appeal, and Judge Analisa Torres' mixed ruling in 2023 will become the final judgment.
This landmark decision sets a precedent for institutional treatment and paves the way for potential exchange relistings and broader adoption.
#CryptoNews # XRP