Regulatory Clarity Unlocks New Era for XRP and Crypto Innovation
Ripple and the U.S. Securities and Exchange Commission (SEC) have mutually dropped their appeals in the long-standing legal dispute, marking a significant development in the crypto sector. The case, which began in December 2020, centered on whether XRP, Ripple’s native token, was an unregistered security. A federal court ruling in 2022 determined that XRP was not a security in retail transactions, and both parties have now agreed to withdraw their appeals without further legal action. Ripple has also committed to paying $125 million in fines as part of the resolution [4]. This closure allows Ripple to distribute XRP without the looming threat of SEC enforcement, potentially stabilizing the token’s market presence and reducing the risk…
