The US Securities and Exchange Commission has dropped its latest appeal in the legal case against Ripple, marking the end of the legal battle.
Ripple agreed to pay $50 million to settle the case, instead of the $125 million initially ruled by Judge Torres.
Industry experts believe that the closure of the lawsuit is a significant moment for the crypto industry, providing more regulatory clarity and institutional trust.
US-based crypto firms, including Ripple, are expected to thrive with improved regulatory clarity and renewed market confidence.