Ripple withdraws cross-appeal against SEC - Ending years of courtroom battles | CoinDesk JAPAN

• Ripple has decided to withdraw its cross-appeal in the nearly five-year legal battle against the SEC.
• The second joint motion for settlement between the SEC and Ripple was denied by Judge Torres on the 26th. The judge contested the motion to vacate the injunction against Ripple.
• Ripple is expected to accept the initial civil penalty of $125 million, and it is highly likely that the permanent injunction will remain in effect.

| Translation & Editing: Rina Hayashi | Image: Shutterstock ｜原文：Ripple to Drop Cross-Appeal Against SEC, Ending Years-Long Legal Battle With SEC