<ul><li>Ripple, a blockchain company, is moving towards ending its legal battle with the US Securities and Exchange Commission (SEC) after the regulator announced its intention to withdraw its appeal.</li><li>The proposed penalty for Ripple has been reduced from $125 million to $50 million as a result of the company dropping its cross-appeal in response to the SEC's move.</li><li>The SEC has requested the court to vacate the injunction against Ripple, hinting at a potential settlement and marking progress in the crypto sector's legal landscape.</li><li>Ripple's update reflects a positive shift in regulatory enforcement in the crypto industry, with the SEC de-escalating legal actions against various major crypto firms alongside progress in Ripple's corporate growth.</li></ul>

Ripple Vs. SEC Battle Update: Crypto Firm Seeks Final End To Legal Turmoil

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