The legal battle between the US Securities and Exchange Commission (SEC) and blockchain payment company Ripple Labs has officially come to an end as of August 22.

After four years of intense litigation over the status and sales of its associated cryptocurrency, XRP, the US Court of Appeals for the Second Circuit approved a joint motion to dismiss the case.

Ripple Labs Triumphs

This decision marks a significant milestone in a saga that began in December 2020 when the SEC accused Ripple Labs and its executives of conducting unregistered securities offerings through the sale of XRP.

The joint stipulation of dismissal was submitted to the court, confirming that both Ripple and the SEC agreed to withdraw the SEC’s appeal and Ripple’s cross-appeal.

This agreement effectively con

See Full Page