The long-running Ripple vs. SEC legal battle is approaching a critical turning point as both parties signal potential withdrawal of appeals, hinting at an imminent resolution.
Industry experts note that this development could bring much-needed regulatory clarity to the crypto sector, potentially revitalizing XRP’s market performance and investor confidence.
According to former SEC attorney Marc Fagel, the SEC may soon vote to formally drop its challenge against Ripple, marking a significant step toward closing the nearly four-year dispute.
Ripple-SEC legal dispute nears resolution as appeal withdrawals loom, promising regulatory clarity and renewed momentum for XRP investors in the crypto market.
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The ongoing legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has dominated crypto regulatory discussions since its inception. Recent insights suggest that both parties are preparing to withdraw their appeals, which could bring this high-profile case to a close within weeks. This anticipated resolution is pivotal for the broader cryptocurrency ecosystem, as it addresses fundamental questions about digital asset classification and regulatory oversight.
Former SEC lawyer Marc Fagel has indicated that the SEC is likely to hold a vote to formally withdraw its challenge against Ripple. While the withdrawal process can take up to two months, internal decisions related to settlement terms may expedite the timeline. This procedural move would effectively end the SEC’s pursuit of Ripple, removing a significant legal cloud over XRP and its associated technologies.
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Source: https://en.coinotag.com/ripple-sec-legal-battle-may-near-resolution-as-appeal-withdrawal-possibility-emerges/