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!
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
Today, Ripple moves forward—stronger than ever. This landmark case set a precedent for the domestic crypto industry.
With the SEC dropping its appeal, Ripple is now in the driver's seat and we’ll evaluate how best to pursue our cross appeal. Regardless, today is a day to celebrate this victory.
@lamarmitadefini@AlertaNews24 Ojalá nunca invadan tu país y dos potencias quieran saquearla, una con guerra y otra con un velo de democracia falsa, sin ninguna garantía más q la pura explotación de recursos.
Ripple CEO Brad Garlinghouse says the SEC’s approach to crypto was the main reason his company and two others created the biggest industry super-PAC, called Fairshake. https://t.co/mEN4CWeXMW
@CoinDesk@SECGov@GaryGensler Total disgrace, destroyed his image to please who knows who, disgusting, worst ever. Happy for him to leave, no reason to stay longer, leaving will be more beneficial, useless then, now and forever.
@GaryGensler@SquawkCNBC I didn't think I would feel this disgusted towards a person I have never met before Gary, I hope you pay eventually for all the harm you have done to Crypto and Investors who do not fill your pockets.