The end of the almost five-year legal dispute will enable the agency to dedicate more time to developing clear regulatory frameworks, according to SEC Chair Paul Atkins.
The United States Securities and Exchange Commission (SEC) is signaling an increasing focus on developing a clear cryptocurrency regulatory framework after ending one of the industry’s longest-running legal battles.
The SEC and Ripple Labs ended their almost five-year dispute after both parties filed to drop their legal appeals and bear their costs and fees, according to a filing last Thursday with the Second Circuit Appeals Court.
The case’s conclusion is a “welcome development” that ensures “minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto,” said SEC Commissioner Hester Peirce in a Monday X post.
