U.S. Securities and Exchange Commission logo and representations of cryptocurrency are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK (Reuters) -Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets.
The SEC had been appealing a July 2023 decision by U.S. District Judge Analisa Torres in Manhattan that the XRP token sold by Ripple on public exchanges did not meet the legal definition of a security.
