‘Lock In:’ After Court Rebuke, SEC and Ripple to Drop Appeals and Focus on What’s Next

Ripple Labs’ chief authorized officer introduced late Friday afternoon that the cryptocurrency trade and the U.S. Securities and Trade Fee intend to drop their appeals, following an order wherein U.S. District Decide Analisa Torres of the U.S. District Court docket for the Southern District of New York denied their joint motions to vacate a remaining judgment and cut back a six-figure civil penalty.