SEC vs Ripple: Court Approves Joint Stipulation of Dismissal, Fund Managers Rush to Update Spot XRP ETFs

The post SEC vs Ripple: Court Approves Joint Stipulation of Dismissal, Fund Managers Rush to Update Spot XRP ETFs appeared first on Coinpedia Fintech News

The United States Court of Appeals for the Second Circuit has approved the joint stipulation of dismissal for the appeal filed by Ripple Labs and the SEC. According to the order issued at the Thurgood Marshall Courthouse, the stipulation withdrawing the appeals was approved on Friday August 22.

As a result, the lawsuit filed by the U.S. SEC in late 2020 is officially over. The Court’s approval of the joint stipulation of dismissal for the appeals was welcomed by the Ripple Labs community, the XRP holders, and the wider crypto industry.