{"id":161255,"date":"2025-06-28T12:30:09","date_gmt":"2025-06-28T09:30:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=161255"},"modified":"2025-06-28T12:09:39","modified_gmt":"2025-06-28T09:09:39","slug":"ripple-drops-cross-appeal-moves-to-end-sec-case-once-and-for-all","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-drops-cross-appeal-moves-to-end-sec-case-once-and-for-all\/","title":{"rendered":"Ripple Drops Cross-Appeal, Moves to End SEC Case “Once and for All”"},"content":{"rendered":"

In a post shared on X, Garlinghouse stated<\/a><\/strong>:<\/p>\n

\u201cWe\u2019re closing this chapter once and for all, and focusing on what\u2019s most important \u2013 building the Internet of Value. Lock in.\u201d<\/p>\n

A cross-appeal allows a party to challenge a different portion of a court ruling after an appeal has already been initiated. Ripple\u2019s decision to drop the challenge suggests the company is now prioritizing regulatory closure and operational focus over further courtroom engagement.<\/p>\n

Comes After Judge Denies Joint Request to Lift Injunction<\/h2>\n

The announcement follows Judge Analisa Torres\u2019 denial of a joint request by Ripple and the SEC to dissolve a standing injunction. Under the proposed motion, $50 million of the $75 million fine would have been directed to the SEC, with the remaining $25 million allocated to Ripple \u2014 an arrangement both parties agreed to.<\/p>\n

The judge, however, declined the motion, citing the lack of any substantial change in facts since the original ruling. Ripple\u2019s decision to withdraw its cross-appeal may reflect a strategic shift to end further delays and uncertainty.<\/p>\n