U.S. SEC and Ripple Labs Jointly File to Dismiss Their Respective Appeals in the Second Circuit Court

U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly filed to dismiss their respective appeals in the Second Circuit Court, effectively ending a nearly five-year legal battle over the classification of XRP. The lawsuit, initiated by the SEC in December 2020, alleged that Ripple conducted an unregistered securities offering through XRP sales. A key

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