Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.
With this, the ball is back in our court. The Court gave us two options: dismiss our appeal challenging the finding on historic institutional sales—or press forward with the appeal. Stay tuned. Either way, XRP’s legal status as not a security remains unchanged. In the meantime, it’s business as usual.
@dom_kwok@Bitcoin The #BTC account X is managed by a private individual, not officially affiliated, and likely a pro-Bitcoin supporter — possibly Trace Mayer, although this has never been publicly confirmed. It is not an official representative of the Bitcoin community, nor is it run by a company.
@RadioRomaX Ça se voit la pauvre qu’elle ne savait pas que c’était réservé au camion mais malgré ça il continue à lui parler en lui manquant de respect. On est humain après tout..
🚨NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow.
They’re proposing that $50 million be paid to the SEC, with the remaining funds returned to Ripple. This motion is the latest in the broader effort to settle the case, end the pending appeals, and avoid further legal proceedings between the two parties.