XRP Lawsuit Nears End: SEC’s Appeal Dismissal Awaits Formal Process
2025-07-02 05:18:42
Main Idea
The legal battle between Ripple Labs and the SEC is nearing its end, pending the SEC's formal dismissal of its appeal, which requires internal procedures and joint filings.
Key Points
1. The lawsuit's conclusion depends on the SEC formally dismissing its appeal, a process involving internal procedures and joint filings.
2. Former SEC attorney Marc Fagel notes that the regulatory body must complete internal steps before the dismissal can be finalized.
3. Both Ripple and the SEC are required to submit formal paperwork to the court to finalize the dismissal, a process that may take several weeks or longer.
4. The resolution could provide regulatory clarity for XRP, potentially unlocking opportunities like a spot XRP ETF.
5. Ripple CEO Brad Garlinghouse has indicated the company will now focus on 'building the Internet of Value'.
Description
The protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is inching closer to a definitive conclusion. While Ripple has officially withdrawn its cross-appeal, the final chapter of the lawsuit hinges on the SEC formally dismissing its own appeal, a process that requires internal procedures and joint filings. This development … Continue reading "XRP Lawsuit Nears End: SEC’s Appeal Dismissal Awaits Formal Process" The post XRP Lawsuit Nears End: SEC’s Ap...
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