Ripple to Forego Appeal in SEC Case Over XRP Sales, Aims to Conclude Legal Dispute

Ripple has announced its decision to abandon its appeal against the ruling in its ongoing case with the U.S. Securities and Exchange Commission (SEC) regarding XRP sales. This decision is motivated by evolving circumstances, specifically the cessation of institutional XRP sales, lessening the urgency to prolong the lengthy and expensive legal battle. The move is intended to decisively resolve the long-standing legal entanglement and allow the company to dedicate its resources towards expansion and innovation within the digital payment and blockchain solutions sector. While some aspects of the case remain under discussion, this abandonment represents a significant stride towards a potential comprehensive settlement.