Ripple ceo says they will drop appeal which should end the case

Ceo of ripple posted on x they were dropping their cross appeal and sec expected to do the same which would mean the ever lasting case finally wraps up 100%.

If anyone was wondering why the price action for xrp was looking better than most at the minute. Nb the xrp element of case was already ruled on not being in and of itself not a security, but it staying open always felt like it still held price back a bit.

Unless I’ve missed something this would be the last case the sec had open against crypto. The end of an era started by clayton on his last day in office and dragged on thru the gensler years.

Pepperidge farm remembers the years prior to this when ripple would be heckled for “working with the man”, it’s been a testing time but even if you’re not a fan you have to respect the way ripple were prepared to stand up for the industry and fight the “jackbooted thugs” to counter the previous view.

Cost them over $100mn in legal fees and xrp missed the last bull run because of it in my opinion but hopefully the future is brighter