SEC-Ripple enforcement case to end after motion to drop appeals

The civil lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs appears to be finished after a filing confirming both parties jointly stipulated to the dismissal of the regulator’s appeal and the blockchain company’s cross-appeal.

In a Thursday filing in the US Court of Appeals for the Second Circuit, the court recognized the joint dismissal of the SEC’s appeal and Ripple’s cross-appeal in the enforcement action involving XRP.

“The end…and now back to business,” Ripple Chief Legal Officer Stuart Alderoty wrote in a Thursday X post.

Source: US Court of Appeals for the Second Circuit

This is a developing story, and further information will be added as it becomes available.