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XRP

Ripple Aims to End Long-Standing SEC Lawsuit with a Strategic Withdrawal

Ripple is withdrawing its counter-appeal in the litigation with the US Securities and Exchange Commission (SEC). The company anticipates a similar move from the regulator, which could bring closure to the ongoing legal dispute that began in 2020. "We are closing this chapter once and for all and focusing on what truly matters — building the value internet," stated Ripple CEO Brad Garlinghouse. Following this announcement, the XRP token responded with approximately a 5% increase over a day.
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AI Analysis

The decision by Ripple to withdraw its counter-appeal in the legal dispute with the SEC suggests that the company might be nearing a settlement or resolution with regulators. This move could significa...

AI Recommendation

Given the recent developments, it is advisable for investors to consider a cautiously optimistic approach towards Ripple, recognizing that the legal situation might be nearing resolution. This could s...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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