Following the Commission's vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business.
BOOOOOOOOOOOOOOOOOOM!!!
The parties have jointly filed a motion to dismiss the appeals!
The SEC v. @Ripple case is finally over!
Congratulations #XRP holders! We made it! 🎉🥳🎊
The final crossing of t’s and dotting of i’s – and what should be my last update on SEC v Ripple ever…
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 SEC’s request. All subject to Commission vote, drafting of final documents and usual court processes.
That’s all folks!
The stablecoin market is growing, but trust, compliance, and utility are critical. 🪙
Enter Ripple USD: https://t.co/Nu2yqsAYpj
Ripple President @MonicaLongSF explains why Ripple built $RLUSD to set a new benchmark for stablecoins.
$RLUSD is now available on MoonPay!
you can buy the new @Ripple stablecoin using Apple Pay, Venmo, PayPal, MoonPay Balance, Debit, Credit, and bank transfer