According to previous reports by Zombit
Ripple and the SEC had attempted to negotiate a reduction of fines and injunctions, but were repeatedly rejected by the judge on procedural and substantive grounds. Now, with both the SEC and Ripple withdrawing their appeals, it effectively means they accept the existing ruling and bring an end to this years-long regulatory dispute. This case is considered one of the most significant regulatory lawsuits in the history of the cryptocurrency industry, and its ruling will serve as a reference for the securities classification of other tokens and projects.
