Summary:
- The U.S. Securities and Exchange Commission (SEC) and Ripple, a blockchain company, have decided to end their legal battle over the status of the cryptocurrency XRP.
- Both parties have agreed to abandon their appeals, leaving the previous court ruling on XRP intact, which means XRP will remain classified as a security under U.S. law.
- This decision marks the end of a long-running legal dispute between the SEC and Ripple, which had significant implications for the cryptocurrency industry and the regulation of digital assets.