Ripple CEO Brad Garlinghouse has announced that the company is dropping its cross-appeal against the U.S. Securities and Exchange Commission, putting an end to the lengthy legal battle that originally started in December 2020. The legal dispute dates back to December 2020, when the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs, co-founder Chris Larsen, and Garlinghouse. The SEC accused Ripple of raising $1.3 billion through unregistered securities sales of XRP. Garlinghouse had previously described the $125 million fine imposed in August 2024 as a "victory," emphasizing that it was a 94% reduction from the $2 billion the SEC had initially requested. If the SEC ultimately abandons its appeal, it will mark the official end of a four-year conflict that has affected the regulatory landscape of crypto assets in the United States. Although the XRP price surge was short-lived, XY Mining cloud mining continues to provide crypto investors with $3,000 daily returns What is Cloud Mining? Cloud mining refers to remote mining. Users do not need to purchase, operate or maintain mining equipment. They only need to purchase a mining contract to start earning cryptocurrency mining output. Everyone has the opportunity to participate in mining. How to start cloud mining? 1. Register Your AccountSign up in under a minute and receive a $15 welcome bonus. [ Click here to get started. ] 2. Choose a Mining ContractSelect from a variety of mining plans tailored to different budgets and earning goals. 3. Start Earning AutomaticallyOnce your contract is active, the system begins mining for you instantly. Daily income is calculated every 24 hours, and you can withdraw or reinvest at any time. XY Mining' core advantages include Powered by renewable energy: Mines are located in Northern Europe, Canada, Asia and North America, which have abundant green energy resources. All operations rely on solar, hydroelectric and wind power. Users do not need to purchase expensive mining equipment, maintain it, or sign contracts. Provide deposits and withdrawals of multiple cryptocurrencies: DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20 and other cryptocurrencies. Intuitive interface designed for beginners and experienced miners. The affiliate program allows users to receive up to 3% + 1.5% referral rewards and up to $30,000 in bonuses. No extra fees: transparent pricing, no hidden service fees or management fees. Adopt green mining technology to achieve a sustainable development path that takes into account both environmental protection and high efficiency Compliance and transparency: The company is registered in the UK and operates legally, ensuring the transparency and compliance of the platform and protecting the rights and interests of users. Summary This development marks the possible closure of one of the most important cryptocurrency enforcement cases in recent years. Ripple's closing of its appeal shows that it is confident in its business model and regulatory status. The move may also provide clarity for other cryptocurrency companies that are dealing with SEC scrutiny. Most importantly for investors, confirmation that XRP's legal classification remains unchanged may bring new stability to the market, while XY Mining is a smart choice to bring stable passive income to investments. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
