On August 8, news came that a significant legal dispute in the encryption industry seems to be nearing its end. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs' attorneys jointly agreed to withdraw their appeal to the Second Circuit Court of Appeals. The joint motion to withdraw filed on Thursday shows that each party will bear its own costs. Previously, Ripple Labs CEO Brad Garlinghouse announced in June that the company intended to withdraw its cross-appeal, stating they wanted to "turn the page and focus on building the value internet." Now both parties have abandoned thei
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