💨 Abstract

Ripple Labs announced that the U.S. Securities and Exchange Commission (SEC) has dropped its appeal against a court ruling that deemed XRP token sales by Ripple as not securities. The SEC had initially sought to make it harder to regulate cryptocurrency markets. The decision is a significant victory for Ripple, which will now reevaluate its cross-appeal.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖