<ul data-eligibleForWebStory="true"><li>Ripple CEO Brad Garlinghouse announced that Ripple plans to drop its cross-appeal in the legal battle with the SEC, signaling the possible end to the nearly five-year case.</li><li>The decision to withdraw appeals comes after a denial by a U.S. District Judge to reduce a $125 million penalty against Ripple and uphold a permanent injunction imposed last year.</li><li>The conclusion of the legal dispute between Ripple and the SEC paves the way for the approval of U.S.-listed spot XRP exchange-traded funds (ETFs), as regulatory hurdles are now removed.</li><li>XRP's price saw a 5% increase to $2.19 following the news, and nine asset managers have filed for XRP ETF products in the U.S. market, with expectations for BlackRock to potentially introduce an XRP-based ETF.</li></ul>

Spot XRP ETF Path Made Clear After Ripple CEO Confirms Ending SEC Case ‘Once And For All’

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