The final crossing of tโs and dotting of iโs โ and what should be my last update on SEC v Ripple everโฆ
Last week, the SEC agreed to drop its appeal without conditions. @Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine (already in an interest-bearing escrow in cash), with the balance returned to Ripple. The agency will also ask the Court to lift the standard injunction that was imposed earlier at the SECโs request. All subject to Commission vote, drafting of final documents and usual court processes.
Thatโs all folks!
This is it โ the moment weโve been waiting for. The SEC will drop its appeal โ a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.