Ripple to Drop Appeal in SEC Case Over XRP Sales, Ending Case ‘Once and for All’

Ripple CEO of Brad Garlinghouse on Friday That in a long -term case, Fintech will give up the US Securities and Exchange Commission.

Announcement comes just a day after an American judge of the district analysis Torres the proposal withdrawn From Ripple Labs and SEC to reduce a $ 125 million penalty kick or the release imposed against the XRP company last year.

This decision followed less than two weeks after Sec and ripple have been requested That the court lowers the civilian sentence for illegal sales of XRP at $ 50 million – which is less than $ 2 billion in demand under former chairwoman Gary Gensler – and eliminates restrictions on Ripple’s property sale ability.

“Ripple falls our appeal, and it is expected that sec will give up their complaints, as they said earlier,” Garlinghouse wrote on x. “We end this chapter once and for all and focus on what is most important – the construction of the internet value. Include yourself.”

Note the editor: This story breaks and will be updated with additional details.