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Ripple Ends Legal War with SEC to ‘Build the Internet of Value’

  • Ripple ends legal battle with SEC regarding XRP's regulatory status, dropping cross-appeal.
  • The SEC had accused Ripple of raising $1.3 billion through unregistered securities, leading to a partial victory for Ripple last year.
  • Judge ruled that Ripple's programmatic sales did not violate securities laws, but direct XRP sales to institutional buyers were considered securities, resulting in a $125 million penalty.
  • Ripple decides not to pursue further legal challenges, emphasizing its focus on building the 'Internet of Value.'

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