The SEC and Ripple have agreed to dismiss appeals in their ongoing legal conflict, thus concluding a significant case. This allows regulatory bodies, particularly the SEC, to reallocate resources to establish clearer crypto regulations.
Commissioner Hester Peirce, recognized for her pro-innovation approach, stated that this resolution facilitates a concentrated effort on regulatory frameworks. The judge’s ruling determined that XRP sales to retail investors were not deemed securities, while those sold to institutional entities were found to be in violation, leading to a $125 million fine for Ripple.
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