SEC vs Ripple: Agency Files Status Report to Confirm XRP Case Closure

• Both Ripple and the U.S. SEC have filed motions with the Court of Appeals in order to end the lawsuit.
• The SEC has accelerated its ‘Project Crypto’ to facilitate growth for the U.S.-based web3 companies.
• The XRP/USD pair has signaled macro bullish sentiment with a midterm target of about $6.2.

The United States Securities and Exchange Commission (SEC) has filed a status report with the Court of Appeals to confirm a joint venture with Ripple Labs to end the long-standing lawsuit. According to a post by defense lawyer James Filan, the U.S. SEC filed a status report highlighting that the joint stipulation remains pending, awaiting the court’s approval.

Earlier this month, the U.S. SEC filed a joint stipulation dismissal, thus formally withdrawing the appeals. However, the Court of Appeals has yet to confirm the joint stipulation dismissal, hence the pending status filed by the U.S. SEC.

#XRPCommunity #SECGov v. #Ripple #XRP The @SECgov has filed a status report with the Court of Appeals noting that the parties have filed a Joint Stipulation of Dismissal of the appeals and that the stipulation remains pending and therefore awaiting approval by the Court…

The post SEC vs Ripple: Agency Files Status Report to Confirm XRP Case Closure appeared first on Coin Edition.