On August 8, news came that a significant legal dispute in the encryption industry seems to be nearing its conclusion. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs' lawyers have jointly agreed to withdraw their appeal to the Second Circuit Court of Appeals. The joint motion to dismiss filed on Thursday shows that both parties will bear their own costs. Previously, Ripple Labs CEO Brad Garlinghouse announced in June that the company intended to withdraw its cross-appeal, stating that they wanted to "turn the page and focus on building the value internet." Now, both parties have abandoned their appeals, and Judge Analisa Torres' mixed ruling from 2023 will become the final decision. The ruling found that Ripple Labs' sale of hundreds of millions of XRP to institutional investors constituted illegal securities sales, but she supported Ripple Labs on the issue of "dark pool" sales to retail investors.

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YidaWangvip
· 08-08 13:30
Gm Crypto OGs

$HAWK chart is really looking promising today.

Alot of buys are trooping in currently, it won't be an understatement if @Hawk_killshib hit 10 million mcap before the month runs out.

Don't be left behind💯

CA:
0xe846d164b88ed2e1209609fea3cf7a3d89d70d2d
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Ybaservip
· 08-08 12:40
Watching Closely 🔍
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