In other words, Ripple has no opportunity to appeal to the decision of people from the time they forbid him to sell securities to private investors. However, Garlinghouse turns to new occasions in other sectors.
Ripple and dry leaving the call process
The ripple against the SEC affair was the main event for the regulation of the crypt, but everything did not end after leaving the case. Both parties have spent the last few months to solve the persistent problem: the cross Okall about the sale of non -invoiced titles. Today, the CEO of Ripple, Brad Garlinghouse announced that the company is finally giving up:
In short, Ripple is bound by the previous decision on the era. SEC now accepts a position more favorable for crypto and has tried to work with Ripple to reverse this decision. Unfortunately, their cooperation proved to be insufficient.
Judge Torres rejected his request yesterday and any new initiative could take months or more. In the face of this challenge, Ripple and Dry believe that the fight is no longer worth it. The company will be forbidden to sell securities to private investors, perhaps forever. However, this will release time and resources to build new Avenirs in other areas of interest.
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