Ripple Withdraws Cross-Appeal in XRP Lawsuit
- Ripple has withdrawn its cross-appeal in the ongoing SEC lawsuit.
- The status of the injunction on Ripple’s institutional sales remains unclear.
- XRP lawyer Bill Morgan emphasized changes needed in Ripple’s sales approach.
- Judge Analisa Torres previously ruled Ripple’s initial sales method was an investment contract.
- If the injunction is lifted, Ripple can sell directly to hedge funds or private equity firms.
Ripple’s decision to withdraw its cross-appeal leaves uncertainty regarding the status of its institutional sales, with experts highlighting necessary compliance changes even if the SEC lifts the injunction.
Source (2.6)https://coingape.com/xrp-lawsuit-settlement-can-ripple-resume-institutional-sales/?rand=24432
